KADENSA CAPITAL Ltd Lowers Stock Holdings in Viking Holdings Ltd. $VIK

Key Points

• KADENSA CAPITAL Ltd reduced its stake in Viking Holdings Ltd. by 6.4%, selling 28,777 shares during the first quarter, leaving it with 421,454 shares worth approximately $16.75 million.
• Viking Holdings reported $0.99 earnings per share for the recent quarter, slightly missing analyst estimates, despite a year-over-year revenue increase of 18.5%.
• Several analysts raised their price targets for Viking Holdings, with Barclays and Stifel Nicolaus setting targets at $61.00 and $75.00, respectively, reflecting a consensus "Moderate Buy" rating.

KADENSA CAPITAL Ltd lowered its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 421,454 shares of the company's stock after selling 28,777 shares during the quarter. Viking makes up approximately 2.1% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 18th largest position. KADENSA CAPITAL Ltd owned approximately 0.10% of Viking worth $16,753,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its holdings in shares of Viking by 1.7% during the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after acquiring an additional 324 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after purchasing an additional 346 shares in the last quarter. Commerce Bank boosted its holdings in shares of Viking by 4.7% in the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after purchasing an additional 399 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Viking in the 1st quarter valued at $33,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after acquiring an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Price Performance

NYSE:VIK traded down $0.05 during midday trading on Tuesday, hitting $63.69. The company had a trading volume of 1,167,801 shares, compared to its average volume of 3,125,409. The stock's fifty day moving average price is $58.82 and its 200-day moving average price is $49.01. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a 52-week low of $30.75 and a 52-week high of $64.26. The company has a market capitalization of $28.23 billion, a PE ratio of 34.43, a P/E/G ratio of 0.74 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company posted $0.89 earnings per share. The business's revenue was up 18.5% on a year-over-year basis. As a group, research analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on VIK shares. Jefferies Financial Group raised their target price on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. UBS Group lifted their price objective on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Barclays raised their target price on Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Finally, Loop Capital reiterated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.93.

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.