53 House LLP Invests $15.78 Million in Viking Holdings Ltd. $VIK

Key Points

• 53 House LLP acquired 396,963 shares of Viking Holdings Ltd., valued at approximately $15.8 million, making it the second largest position in their portfolio.
• Viking has experienced significant investments from institutional investors, including Select Equity Group L.P. and Two Sigma Advisers, amassing a combined stake of over 98% of the company's stock.
• Analysts maintain a consensus rating of "Moderate Buy" for Viking, with price targets reaching as high as $70, reflecting strong confidence in the stock's future performance.

53 House LLP purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 396,963 shares of the company's stock, valued at approximately $15,779,000. Viking makes up 13.9% of 53 House LLP's investment portfolio, making the stock its 2nd largest position. 53 House LLP owned 0.09% of Viking as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in VIK. Select Equity Group L.P. lifted its stake in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after acquiring an additional 3,658,225 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares in the last quarter. Two Sigma Investments LP lifted its stake 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 purchasing an additional 2,270,075 shares during the last quarter. Millennium Management LLC increased its position in Viking by 580.0% during the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock worth $96,533,000 after buying an additional 1,868,733 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Viking during the fourth quarter valued at about $59,226,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Performance

Shares of VIK traded up $0.79 on Thursday, reaching $63.73. 2,300,151 shares of the stock traded hands, compared to its average volume of 3,183,037. The firm has a market cap of $28.24 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 0.73 and a beta of 2.40. Viking Holdings Ltd. has a 12 month low of $30.75 and a 12 month high of $64.08. The stock's 50-day moving average price is $56.90 and its 200-day moving average price is $48.37. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Equities analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on VIK shares. UBS Group upped their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Truist Financial upped their target price on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Barclays boosted their price objective on shares of Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Loop Capital reiterated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $57.60.

Viking 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.