Amundi Lowers Holdings in Viking Holdings Ltd. $VIK

Key Points

• Amundi has reduced its stake in Viking Holdings Ltd. by 5.6%, now owning approximately 0.20% of the company, valued at $32.56 million.
• Multiple hedge funds have increased their positions in Viking, with Sculptor Capital LP notably growing its stake by 503.9% during the first quarter.
• Analysts have varied opinions on Viking's stock, with Morgan Stanley raising its price target from $62 to $66, while Wall Street Zen downgraded its rating from "buy" to "hold."

Amundi lessened its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 849,288 shares of the company's stock after selling 50,638 shares during the period. Amundi owned 0.20% of Viking worth $32,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in VIK. Northern Trust Corp purchased a new position in Viking in the fourth quarter worth about $1,063,000. Bank of America Corp DE grew its position in Viking by 59.4% in the fourth quarter. Bank of America Corp DE now owns 779,972 shares of the company's stock worth $34,366,000 after acquiring an additional 290,512 shares in the last quarter. Captrust Financial Advisors purchased a new position in Viking in the fourth quarter worth about $1,792,000. Cetera Investment Advisers purchased a new position in Viking in the fourth quarter worth about $310,000. Finally, Interval Partners LP purchased a new position in Viking in the fourth quarter worth about $13,191,000. Institutional investors own 98.84% of the company's stock.

Viking Trading Down 0.1%

NYSE VIK traded down $0.05 during trading on Tuesday, hitting $63.69. The stock had a trading volume of 1,242,437 shares, compared to its average volume of 2,601,004. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The stock has a market capitalization of $28.23 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.75 and a beta of 2.40. Viking Holdings Ltd. has a one year low of $30.75 and a one year high of $64.26. The stock has a 50 day simple moving average of $59.02 and a 200 day simple moving average of $49.11.

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 the consensus estimate of $1.00 by ($0.01). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate 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 was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Sell-side analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus lifted their price target on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Bank of America raised their price objective on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial raised their price objective on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.93.

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.