Hiddenite Capital Partners LP Acquires Shares of 45,000 Viking Holdings Ltd. $VIK

Hiddenite Capital Partners LP acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, Holdings Channel reports. The fund acquired 45,000 shares of the company’s stock, valued at approximately $3,213,000. Viking comprises 0.4% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in VIK. Federated Hermes Inc. grew its stake in Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after acquiring an additional 6,715,666 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after acquiring an additional 3,615,969 shares during the period. Invesco Ltd. grew its stake in Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares during the period. Dream Peak Capital Ltd acquired a new stake in Viking in the fourth quarter valued at approximately $223,744,000. Finally, State Street Corp grew its stake in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after acquiring an additional 1,806,920 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking’s Q1 results showed earnings in line with estimates and revenue above expectations, helped by 17.5% year-over-year growth and strong advanced bookings that suggest demand remains healthy. Article: Viking Shares Rise After First-Quarter Earnings Top Expectations
• Positive Sentiment: Investors are also encouraged by commentary that Viking is well positioned for 2027, with booking trends and cruise demand supporting the growth outlook. Article: Viking Well Positioned for 2027 With Strong Advanced Bookings
• Positive Sentiment: Analysts and market commentary have highlighted Viking’s improving fundamentals, including accelerating booking growth and potential for future rating upgrades. Article: Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Neutral Sentiment: Mizuho raised its price target on Viking to $75 from $69, but kept an underperform rating, signaling mixed analyst sentiment despite the higher target. Article: Viking price target raised by Mizuho
• Neutral Sentiment: Viking announced a CEO transition, naming Leah Talactac as CEO and Torstein Hagen as executive chairman, which adds leadership clarity but also brings a new management structure into focus. Article: Viking announces Leah Talactac as new CEO
• Negative Sentiment: Some commentary points to rising fuel costs and the company’s heavy leverage as risks that could pressure margins and keep investors focused on profitability and debt. Article: Viking Holdings’ revenue growth helps offset rising fuel costs

Viking Stock Down 3.5%

Shares of NYSE:VIK opened at $83.70 on Friday. The stock has a market cap of $37.30 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.54 and a beta of 1.57. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 12-month low of $42.20 and a 12-month high of $92.00. The business’s 50 day moving average is $76.81 and its 200 day moving average is $72.03.

Viking (NYSE:VIK) last announced its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 166.31% and a net margin of 18.23%.Viking’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 3.34 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VIK shares. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group raised their price objective on Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up from $81.00) on shares of Viking in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of Viking in a research report on Friday. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.57.

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.