Ghisallo Capital Management LLC Sells 1,250,000 Shares of Viking Holdings Ltd. $VIK

Key Points

• Ghisallo Capital Management LLC significantly reduced its stake in Viking Holdings Ltd. by selling 1,250,000 shares, resulting in an 83.3% decrease in ownership during the first quarter.
• Multiple institutional investors, including Harbour Investments and Golden State Wealth Management, have either increased or established new positions in Viking, contributing to a strong institutional ownership of 98.84%.
• Analysts have raised their price targets for Viking, with strong recommendations; the consensus rating is a "Moderate Buy" with a price target of $57.60, while the stock recently opened at $63.60.

Ghisallo Capital Management LLC cut its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 83.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 250,000 shares of the company's stock after selling 1,250,000 shares during the quarter. Ghisallo Capital Management LLC owned 0.06% of Viking worth $9,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Select Equity Group L.P. boosted its stake 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 last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 acquiring an additional 528,843 shares during the last quarter. Two Sigma Investments LP boosted its stake 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 acquiring an additional 2,270,075 shares during the last quarter. Two Sigma Advisers LP boosted its stake 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 acquiring an additional 2,274,900 shares during the last quarter. Finally, Millennium Management LLC boosted its stake 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 acquiring an additional 1,868,733 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Price Performance

Viking stock traded down $0.21 during trading hours on Wednesday, hitting $62.25. 1,517,156 shares of the company traded hands, compared to its average volume of 2,771,672. The firm has a market cap of $27.58 billion, a P/E ratio of 30.44, a P/E/G ratio of 0.75 and a beta of 2.40. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The firm's 50-day simple moving average is $58.20 and its two-hundred day simple moving average is $48.77. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $64.11.

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

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of research analyst reports. Loop Capital reiterated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Jefferies Financial Group increased their target price on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Bank of America increased their target price on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays increased their target price on shares of Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Finally, Stifel Nicolaus increased their target price on shares of Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.