Driehaus Capital Management LLC Lowers Holdings in Viking Holdings Ltd. $VIK

Key Points

• Driehaus Capital Management LLC reduced its stake in Viking Holdings Ltd. by 31.1%, now holding approximately 0.06% of the company's shares valued at $10.36 million.
• Analysts have increased price targets for Viking Holdings, with Barclays setting it at $61.00, while Bank of America reached $70.00, and Stifel Nicolaus raised it to $75.00, indicating a strong positive sentiment towards the stock.
• Viking reported $1.88 billion in revenue for the last quarter, reflecting an 18.5% increase year-over-year despite a slight miss on earnings per share, showing continued growth potential.

Driehaus Capital Management LLC lowered its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 31.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,574 shares of the company's stock after selling 117,461 shares during the quarter. Driehaus Capital Management LLC owned 0.06% of Viking worth $10,358,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Select Equity Group L.P. boosted its holdings in Viking by 26.9% during 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 acquiring an additional 3,658,225 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Viking by 6.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock valued at $350,922,000 after purchasing an additional 528,843 shares in the last quarter. Two Sigma Investments LP raised its position in Viking by 1,972.0% during 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 in the last quarter. Two Sigma Advisers LP raised its position in 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. Finally, Millennium Management LLC raised its position in Viking by 580.0% during the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after purchasing an additional 1,868,733 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Truist Financial lifted their target price on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Stifel Nicolaus lifted their target price on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. UBS Group boosted their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Citigroup boosted their price target on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and a consensus target price of $57.60.

Viking Stock Down 0.3%

VIK stock traded down $0.21 on Wednesday, hitting $62.25. 1,517,156 shares of the company's stock were exchanged, compared to its average volume of 3,158,405. 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 firm has a 50 day moving average price of $57.98 and a two-hundred day moving average price of $48.67. The stock has a market cap of $27.58 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 0.75 and a beta of 2.40. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $64.11.

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 firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, equities research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.