Public Employees Retirement System of Ohio Buys Shares of 50,485 Viking Holdings Ltd. $VIK

Public Employees Retirement System of Ohio bought a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,485 shares of the company’s stock, valued at approximately $5,284,000.

Other hedge funds also recently modified their holdings of the company. Basecamp Wealth Advisors LLC acquired a new stake in shares of Viking in the 1st quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new position in Viking during the third quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Viking during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. raised its holdings in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Viking in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BNP Paribas Exane reiterated an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Mizuho raised their price objective on Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, August 24th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Jefferies Financial Group upped their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Barclays dropped their price target on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.33.

Insider Activity at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 17,566 shares of company stock worth $1,640,166 in the last three months.

Viking Trading Up 1.0%

Viking stock opened at $85.84 on Thursday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The business’s 50-day simple moving average is $99.06 and its 200-day simple moving average is $87.51. The firm has a market capitalization of $38.26 billion, a PE ratio of 28.52, a PEG ratio of 1.00 and a beta of 1.42. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%.The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts forecast that Viking Holdings Ltd. will post 3.2 earnings per share 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.