Engineers Gate Manager LP Cuts Stock Position in Viking Holdings Ltd. $VIK

Engineers Gate Manager LP trimmed its holdings in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 33.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,379 shares of the company's stock after selling 28,245 shares during the period. Engineers Gate Manager LP's holdings in Viking were worth $5,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in VIK. Hiddenite Capital Partners LP purchased a new stake in Viking in the 4th quarter worth $3,213,000. The Manufacturers Life Insurance Company grew its position in shares of Viking by 19.8% during the first quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company's stock valued at $42,762,000 after purchasing an additional 96,166 shares in the last quarter. Stephens Investment Management Group LLC grew its position in shares of Viking by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company's stock valued at $68,278,000 after purchasing an additional 269,274 shares in the last quarter. World Investment Advisors bought a new stake in shares of Viking in the fourth quarter worth about $1,151,000. Finally, Qsemble Capital Management LP bought a new stake in shares of Viking in the fourth quarter worth about $4,220,000. Institutional investors own 98.84% of the company's stock.

Insider Activity

In related news, EVP Richard Marnell sold 6,120 shares of the business's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the completion of the transaction, the executive vice president owned 110,930 shares in the company, valued at $10,460,699. The trade was a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking’s board authorized the repurchase of up to $1 billion of the company’s outstanding ordinary shares. The program could support earnings per share and shareholder returns by reducing the share count, while management said it reflects confidence in Viking’s long-term prospects, financial position and cash-generation ability. Viking Announces $1 Billion Share Repurchase Program
• Positive Sentiment: Viking announced the float-out of the Viking Astrea, its second hydrogen-powered cruise ship capable of operating with zero emissions. The milestone indicates construction is progressing toward scheduled delivery in May 2027, with inaugural itineraries planned for the Mediterranean and Northern Europe. The vessel could strengthen Viking’s fleet capacity and environmental positioning. Viking Announces Float Out of Second Hydrogen-Powered Ship
• Neutral Sentiment: The float-out is a construction milestone rather than an immediate revenue event. Investors will still assess the ship’s final delivery, operating costs, demand for its itineraries and the capital required to expand the fleet. Fincantieri floats out Viking Astrea

Analyst Upgrades and Downgrades

VIK has been the subject of several research analyst reports. Mizuho raised their price target on Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a report on Monday, August 24th. Susquehanna increased their target price on Viking from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Friday, May 15th. Loop Capital initiated coverage on shares of Viking in a report on Monday, June 1st. They issued a "buy" rating and a $108.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Viking from $108.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus decreased their price target on shares of Viking from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $107.33.

Viking Stock Performance

Shares of NYSE:VIK opened at $85.06 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 12 month low of $56.37 and a 12 month high of $110.09. The company has a market capitalization of $37.91 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.99 and a beta of 1.41. The firm's 50-day moving average is $96.68 and its 200 day moving average is $87.85.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. Research analysts predict that Viking Holdings Ltd. will post 3.2 EPS for the current year.

Viking Company Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking's river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.

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