Ionic Capital Management LLC Takes $202,000 Position in Viking Holdings Ltd. $VIK

Key Points

• Ionic Capital Management LLC has acquired 5,078 shares of Viking Holdings Ltd. worth approximately $202,000, indicating growing institutional interest in the company.
• Viking Holdings reported a missed earnings estimate for the quarter, with an EPS of $0.99 compared to the expected $1.00, although its revenue increased by 18.5% year-over-year.
• Analysts have mixed views on Viking; while nine analysts rate it as a Buy, five suggest a Hold, reflecting a consensus target price of $58.93.

Ionic Capital Management LLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,078 shares of the company's stock, valued at approximately $202,000.

Other large investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of Viking during the first quarter worth $33,000. Harbour Investments Inc. grew its holdings in shares of Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Viking during the fourth quarter valued at $110,000. Golden State Wealth Management LLC grew its holdings in shares of Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after buying an additional 1,650 shares during the last quarter. Finally, Fund 1 Investments LLC purchased a new stake in shares of Viking during the fourth quarter valued at $207,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Bank of America boosted their price objective on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their price objective on shares of Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Barclays boosted their price objective on shares of Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Nine 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.93.

Viking Stock Performance

NYSE:VIK traded down $0.05 during mid-day trading on Tuesday, hitting $63.69. The company's stock had a trading volume of 1,167,801 shares, compared to its average volume of 3,125,409. The business's fifty day moving average is $58.82 and its two-hundred day moving average is $49.01. The stock has a market cap of $28.23 billion, a price-to-earnings ratio of 34.43, a PEG 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 $64.26. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62.

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

Viking 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.