Kovitz Investment Group Partners LLC Increases Stock Holdings in Viking Holdings Ltd. (NYSE:VIK)

Kovitz Investment Group Partners LLC increased its holdings in Viking Holdings Ltd. (NYSE:VIK) by 34.4% in the first quarter, HoldingsChannel.com reports. The fund owned 200,537 shares of the company’s stock after acquiring an additional 51,340 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Viking were worth $7,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Select Equity Group L.P. lifted its stake in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock worth $761,353,000 after acquiring an additional 3,658,225 shares during the period. Capital Research Global Investors lifted its stake in Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after acquiring an additional 2,492,724 shares during the period. Two Sigma Investments LP lifted its stake in Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock worth $105,092,000 after acquiring an additional 2,270,075 shares during the period. Two Sigma Advisers LP lifted its stake in Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after acquiring an additional 2,274,900 shares during the period. Finally, Millennium Management LLC raised its holdings in Viking by 580.0% in the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company’s stock worth $96,533,000 after purchasing an additional 1,868,733 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup increased their price objective on Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Jefferies Financial Group increased their price objective on Viking from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Melius Research set a $51.00 price objective on Viking in a report on Monday, April 21st. Wall Street Zen downgraded Viking from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their price objective on Viking from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Viking has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Viking Price Performance

Shares of NYSE:VIK opened at $60.55 on Friday. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $60.87. The business has a fifty day moving average price of $54.95 and a 200-day moving average price of $47.89. The company has a market capitalization of $26.83 billion, a PE ratio of 49.23, a PEG ratio of 0.69 and a beta of 2.40.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. During the same period last year, the company earned ($1.21) EPS. Viking’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal 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.