140 Summer Partners LP Has $39.79 Million Holdings in Viking Holdings Ltd (NYSE:VIK)

140 Summer Partners LP trimmed its position in shares of Viking Holdings Ltd (NYSE:VIK) by 34.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 903,091 shares of the company’s stock after selling 482,244 shares during the period. Viking makes up approximately 4.8% of 140 Summer Partners LP’s investment portfolio, making the stock its 12th largest position. 140 Summer Partners LP owned about 0.21% of Viking worth $39,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VIK. Wilmington Savings Fund Society FSB bought a new position in Viking in the third quarter valued at approximately $187,000. Franklin Resources Inc. boosted its holdings in shares of Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Viking by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company’s stock valued at $4,227,000 after purchasing an additional 64,502 shares during the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Viking by 50.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company’s stock worth $555,000 after buying an additional 4,320 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in shares of Viking during the 4th quarter worth $916,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VIK. Morgan Stanley lowered their target price on Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Loop Capital started coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. BNP Paribas assumed coverage on shares of Viking in a research report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 target price on the stock. The Goldman Sachs Group lowered their price target on shares of Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial raised their price objective on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Stock Performance

NYSE:VIK opened at $40.79 on Friday. The company has a market capitalization of $17.60 billion and a PE ratio of 156.88. Viking Holdings Ltd has a fifty-two week low of $26.32 and a fifty-two week high of $53.14. The company has a 50 day simple moving average of $41.10 and a two-hundred day simple moving average of $43.97.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The company’s revenue was up 20.5% compared to the same quarter last year. Research analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current year.

About Viking

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.