Canada Pension Plan Investment Board Has $1.61 Billion Holdings in Viking Holdings Ltd. $VIK

Key Points

• The Canada Pension Plan Investment Board has reduced its stake in Viking Holdings Ltd. by 10.8%, owning approximately $1.61 billion worth of shares, which represents 1.6% of its overall holdings.
• In the fourth quarter, several hedge funds significantly increased their investments in Viking, with Two Sigma Advisers LP boosting its stake by 4,840.2%.
• Viking's latest earnings report indicated a miss in EPS estimates, reporting $0.99 compared to the expected $1.00, but showed strong revenue growth of 18.5% year-over-year.

Canada Pension Plan Investment Board decreased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,437,712 shares of the company's stock after selling 4,893,898 shares during the period. Viking comprises about 1.6% of Canada Pension Plan Investment Board's holdings, making the stock its 12th largest holding. Canada Pension Plan Investment Board owned about 9.37% of Viking worth $1,607,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Select Equity Group L.P. increased its holdings 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 purchasing an additional 3,658,225 shares during the period. Two Sigma Advisers LP lifted its stake in Viking by 4,840.2% in the fourth 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 period. Two Sigma Investments LP boosted its holdings in shares of Viking by 1,972.0% during 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 in the last quarter. Millennium Management LLC increased its stake 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 acquiring an additional 1,868,733 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Viking during the fourth quarter worth $59,226,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Up 1.3%

Shares of NYSE:VIK opened at $63.73 on Friday. The business has a fifty day moving average price of $57.21 and a two-hundred day moving average price of $48.45. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The company has a market capitalization of $28.24 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 1 year low of $30.75 and a 1 year high of $64.08.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley raised their price objective on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Bank of America upped their target price on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Barclays lifted their price target on shares of Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Truist Financial upped their price objective on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $57.60.

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.

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