47,213 Shares in Viking Holdings Ltd. $VIK Bought by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 47,213 shares of the company’s stock, valued at approximately $2,516,000.

Other institutional investors also recently made changes to their positions in the company. Select Equity Group L.P. raised its position in shares of Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after purchasing an additional 1,376,899 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Viking by 6.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock worth $350,922,000 after buying an additional 528,843 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Viking by 69.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after buying an additional 1,843,533 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Viking by 57.8% in the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock worth $84,038,000 after acquiring an additional 774,265 shares during the last quarter. Finally, Sculptor Capital LP lifted its position in shares of Viking by 503.9% in the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company’s stock valued at $54,736,000 after acquiring an additional 1,149,000 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

Shares of VIK stock opened at $59.26 on Friday. The company’s fifty day simple moving average is $60.66 and its 200-day simple moving average is $55.53. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $65.37. The company has a market cap of $26.26 billion, a PE ratio of 32.03, a P/E/G ratio of 0.70 and a beta of 2.20.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

VIK has been the topic of a number of analyst reports. Barclays increased their price objective on Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Stifel Nicolaus raised their price target on shares of Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Morgan Stanley lifted their price target on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Truist Financial upped their price objective on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, September 19th. Finally, UBS Group reissued a “buy” rating and issued a $69.00 price target on shares of Viking in a research note on Friday. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and an average target price of $58.93.

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.