Knights of Columbus Asset Advisors LLC Buys Shares of 27,954 Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Knights of Columbus Asset Advisors LLC has acquired a new position in Viking Holdings Ltd., purchasing 27,954 shares valued at approximately $1.11 million during the first quarter.
• Viking reported a 24.9% year-over-year revenue growth of $897.06 million for the last quarter, exceeding analysts' expectations of $841.18 million.
• Analysts have varied opinions on Viking's stock, with target prices ranging from $44.00 to $61.00, and a consensus average price target of $53.33.

Knights of Columbus Asset Advisors LLC purchased a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,954 shares of the company's stock, valued at approximately $1,111,000.

Several other large investors have also modified their holdings of VIK. Quarry LP purchased a new position in shares of Viking during the fourth quarter valued at approximately $66,000. Orion Capital Management LLC purchased a new position in shares of Viking in the 4th quarter valued at $110,000. Golden State Wealth Management LLC grew its holdings in 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 purchasing an additional 1,650 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Viking by 2,135.2% during 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 in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in Viking during the 4th quarter valued at $194,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on VIK shares. Bank of America raised their price objective on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Truist Financial lifted their price target on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Melius Research set a $51.00 price objective on shares of Viking in a research report on Monday, April 21st. The Goldman Sachs Group dropped their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.33.

Viking Stock Up 1.4%

Shares of Viking stock traded up $0.81 during trading on Wednesday, hitting $59.31. The stock had a trading volume of 518,572 shares, compared to its average volume of 3,216,594. The stock has a 50 day simple moving average of $51.20 and a 200 day simple moving average of $46.76. The company has a market capitalization of $26.28 billion, a PE ratio of 48.16, a P/E/G ratio of 0.69 and a beta of 2.38. Viking Holdings Ltd. has a 1 year low of $30.56 and a 1 year high of $59.37.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same period in the previous year, the firm posted ($1.21) earnings per share. The firm's revenue was up 24.9% on a year-over-year basis. As a group, equities analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share 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.