Monashee Investment Management LLC Invests $3.98 Million in Viking Holdings Ltd. $VIK

Key Points

• Monashee Investment Management LLC invested approximately $3.98 million to acquire 100,000 shares of Viking Holdings Ltd., making it the firm's 29th largest holding.
• Analysts have a positive outlook on Viking, with Bank of America and JPMorgan Chase raising their price targets, indicating strong potential for the stock with an average target of $57.20.
• Viking Holdings reported a net margin of 13.99% and an 18.5% year-over-year revenue increase, though its earnings per share fell slightly short of analyst expectations.

Monashee Investment Management LLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company's stock, valued at approximately $3,975,000. Viking comprises approximately 0.5% of Monashee Investment Management LLC's investment portfolio, making the stock its 29th largest holding.

Other large investors have also modified their holdings of the company. Costello Asset Management INC bought a new position in shares of Viking during the first quarter worth about $33,000. Harbour Investments Inc. lifted its position in shares of Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares during the last quarter. Quarry LP bought a new position in shares of Viking during the fourth quarter worth about $66,000. Orion Capital Management LLC bought a new position in shares of Viking during the fourth quarter worth about $110,000. Finally, Golden State Wealth Management LLC lifted its position 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 worth $131,000 after purchasing an additional 1,650 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VIK shares. Bank of America increased their price target on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Loop Capital reissued a "buy" rating on shares of Viking in a report on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley raised their target price on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Truist Financial raised their target price on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $57.20.

Viking Trading Down 1.4%

VIK opened at $58.4150 on Thursday. The business's 50 day moving average is $55.61 and its 200-day moving average is $48.07. The stock has a market cap of $25.89 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 0.68 and a beta of 2.40. Viking Holdings Ltd. has a twelve month low of $30.75 and a twelve month high of $60.97.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 219.34%. The business's quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. As a group, analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

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.

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