Graham Capital Management L.P. Sells 88,243 Shares of Viking Holdings Ltd. $VIK

Key Points

• Graham Capital Management L.P. has reduced its stake in Viking Holdings Ltd. by 76.3%, selling 88,243 shares and holding just 27,373 shares valued at approximately $1.09 million.
• Institutional investors currently own 98.84% of Viking's stock, with firms like Sculptor Capital LP and The Manufacturers Life Insurance Company significantly increasing their stakes by over 500% and 53%, respectively.
• Recently, multiple analysts have upgraded their target prices for Viking, with Bank of America raising it from $51.00 to $70.00, and the consensus rating for the stock is a "Moderate Buy" with an average target price of $58.93.

Graham Capital Management L.P. lessened its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 76.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,373 shares of the company's stock after selling 88,243 shares during the period. Graham Capital Management L.P.'s holdings in Viking were worth $1,088,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Viking by 2,135.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock valued at $176,000 after purchasing an additional 3,822 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Viking in the fourth quarter worth $567,000. Northern Trust Corp bought a new stake in Viking in the fourth quarter valued at $1,063,000. BNP Paribas Financial Markets bought a new stake in shares of Viking during the 4th quarter valued at $23,025,000. Finally, Bank of America Corp DE raised its position in shares of Viking by 59.4% in the 4th quarter. Bank of America Corp DE now owns 779,972 shares of the company's stock worth $34,366,000 after purchasing an additional 290,512 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Shares of Viking stock traded up $1.07 during trading on Monday, hitting $63.90. 1,634,066 shares of the stock were exchanged, compared to its average volume of 3,131,458. The company has a fifty day moving average price of $58.62 and a 200-day moving average price of $48.90. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $64.26. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 0.74 and a beta of 2.40. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley boosted 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 raised their price target on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Citigroup boosted their price target on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen cut Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their price target on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

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.