Acuitas Investments LLC Buys Shares of 18,400 Viking Holdings Ltd. (NYSE:VIK)

Acuitas Investments LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,400 shares of the company's stock, valued at approximately $731,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Select Equity Group L.P. raised its position in Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after acquiring an additional 3,658,225 shares during the period. Capital Research Global Investors raised its position in shares of Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after purchasing an additional 2,492,724 shares during the last quarter. Norges Bank purchased a new position in Viking in the 4th quarter valued at about $245,038,000. Two Sigma Investments LP boosted its holdings 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 buying an additional 2,270,075 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings 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 worth $102,303,000 after buying an additional 2,274,900 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research analyst reports. Northcoast Research started coverage on Viking in a research note on Friday, April 25th. They issued a "buy" rating and a $51.00 price target on the stock. Citigroup lifted their target price on shares of Viking from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a research report on Tuesday, April 1st. Melius Research set a $51.00 price target on shares of Viking in a research report on Monday, April 21st. Finally, Morgan Stanley dropped their price objective on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $49.87.

Viking Price Performance

Shares of VIK stock traded up $0.23 during trading on Thursday, hitting $54.79. 1,940,121 shares of the stock traded hands, compared to its average volume of 3,305,628. Viking Holdings Ltd. has a 52-week low of $30.56 and a 52-week high of $55.77. The firm has a market capitalization of $24.28 billion, a P/E ratio of 44.54, a price-to-earnings-growth ratio of 0.66 and a beta of 2.38. The firm's fifty day moving average price is $46.33 and its 200-day moving average price is $45.15.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.21) earnings per share. As a group, equities research analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.