Graham Capital Management L.P. Purchases 99,272 Shares of Viking Holdings Ltd (NYSE:VIK)

Graham Capital Management L.P. raised its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 607.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 115,616 shares of the company’s stock after acquiring an additional 99,272 shares during the period. Graham Capital Management L.P.’s holdings in Viking were worth $5,094,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after buying an additional 491 shares in the last quarter. Commerce Bank lifted its holdings in shares of Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after acquiring an additional 625 shares during the last quarter. Merit Financial Group LLC grew its position in Viking by 3.5% in the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after acquiring an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its stake in Viking by 7.2% in the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after acquiring an additional 1,165 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on VIK. Morgan Stanley dropped their price target on Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Redburn Atlantic upgraded shares of Viking to a “hold” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group lowered their price objective 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, Melius Research set a $51.00 target price on shares of Viking in a report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Stock Performance

NYSE VIK opened at $43.23 on Friday. The stock has a market cap of $18.65 billion and a P/E ratio of 166.27. Viking Holdings Ltd has a fifty-two week low of $27.60 and a fifty-two week high of $53.14. The stock has a 50 day simple moving average of $40.53 and a two-hundred day simple moving average of $44.13.

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

Viking Company Profile

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.