Pinpoint Asset Management Ltd Purchases New Holdings in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Pinpoint Asset Management Ltd acquired 14,993 shares of Viking Holdings Ltd., totaling approximately $596,000, during the first quarter.
• Viking reported a net revenue increase of 24.9% year-over-year, with earnings per share of ($0.24), surpassing analysts' expectations.
• Despite a recent 1.5% decline in its stock price, Viking Holdings holds a market cap of $25.40 billion and has received mostly positive ratings from analysts.

Pinpoint Asset Management Ltd acquired a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,993 shares of the company's stock, valued at approximately $596,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. grew its position in shares of Viking by 26.9% in 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 during the last quarter. Capital Research Global Investors grew its position in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after buying an additional 2,492,724 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after buying an additional 2,270,075 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of 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 during the last quarter. Finally, Millennium Management LLC grew its position in shares of Viking by 580.0% in the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after buying an additional 1,868,733 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Down 0.7%

VIK stock traded down $0.40 during mid-day trading on Friday, reaching $56.56. 2,618,169 shares of the company traded hands, compared to its average volume of 2,495,292. The stock has a market cap of $25.06 billion, a price-to-earnings ratio of 45.98, a P/E/G ratio of 0.67 and a beta of 2.40. Viking Holdings Ltd. has a fifty-two week low of $30.75 and a fifty-two week high of $59.97. The firm's 50 day moving average price is $53.70 and its 200 day moving average price is $47.51.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $841.18 million. During the same quarter last year, the company earned ($1.21) earnings per share. The company's revenue for the quarter was up 24.9% on a year-over-year basis. On average, analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIK. Loop Capital restated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. The Goldman Sachs Group cut their target price on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Melius Research set a $51.00 target price on Viking in a research report on Monday, April 21st. Bank of America upped their target price on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group upped their target price on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.33.

Viking Company Profile

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.