140 Summer Partners LP Grows Position in Viking Holdings Ltd. $VIK

Key Points

• 140 Summer Partners LP increased its stake in Viking Holdings Ltd. by 13.8% during Q1, owning a total of 1,027,577 shares, making up 5.3% of its portfolio.
• Analysts have recently raised their target prices for Viking, with Stifel Nicolaus setting a new target of $75.00 and others maintaining a "buy" rating, contributing to a consensus rating of "Moderate Buy."
• Viking Holdings reported a $0.99 EPS for the last quarter, missing projections slightly while achieving 18.5% revenue growth year-over-year, with total revenue at $1.88 billion.

140 Summer Partners LP boosted its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,027,577 shares of the company's stock after purchasing an additional 124,486 shares during the period. Viking comprises approximately 5.3% of 140 Summer Partners LP's portfolio, making the stock its 12th biggest holding. 140 Summer Partners LP owned 0.24% of Viking worth $40,846,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Select Equity Group L.P. lifted its stake in shares of Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after buying an additional 3,658,225 shares in the last quarter. Two Sigma Advisers LP grew its stake in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Two Sigma Investments LP lifted its stake in Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after purchasing an additional 2,270,075 shares in the last quarter. Millennium Management LLC lifted its stake in Viking by 580.0% in the 4th 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. Finally, Voloridge Investment Management LLC purchased a new stake in Viking in the 4th quarter worth approximately $59,226,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Down 0.5%

Shares of NYSE:VIK traded down $0.34 during trading on Friday, reaching $62.75. 1,520,859 shares of the company traded hands, compared to its average volume of 2,693,952. The firm has a market capitalization of $27.81 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 52-week low of $30.75 and a 52-week high of $64.11. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The business's fifty day moving average is $58.62 and its 200-day moving average is $48.91.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Barclays boosted their price target on shares of Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Jefferies Financial Group boosted their price target on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.