OLD Second National Bank of Aurora Makes New Investment in Viking Holdings Ltd. $VIK

Key Points

• OLD Second National Bank of Aurora acquired a new stake in Viking Holdings Ltd. by purchasing 47,428 shares, valued at approximately $2.5 million.
• Major institutional investors, including Select Equity Group and T. Rowe Price, increased their stakes in Viking Holdings, with institutional ownership now at 98.84%.
• Analyst ratings for Viking Holdings show a mix of bullish and cautious perspectives, with nine analysts giving a "buy" rating and a consensus target price of $59.21.

OLD Second National Bank of Aurora purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,428 shares of the company's stock, valued at approximately $2,527,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. grew its position in Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock worth $741,608,000 after purchasing an additional 1,376,899 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Viking by 6.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock valued at $350,922,000 after buying an additional 528,843 shares in the last quarter. Invesco Ltd. raised its position in Viking by 57.8% during the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company's stock valued at $84,038,000 after buying an additional 774,265 shares during the period. Sculptor Capital LP lifted its stake in Viking by 503.9% in the 1st quarter. Sculptor Capital LP now owns 1,377,000 shares of the company's stock worth $54,736,000 after acquiring an additional 1,149,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Viking by 66.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,363,291 shares of the company's stock valued at $54,191,000 after acquiring an additional 543,060 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VIK shares. Stifel Nicolaus increased their price target on shares of Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Jefferies Financial Group lifted their target price on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Morgan Stanley upped their price target on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. UBS Group increased their price objective on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Nine research 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.com, Viking has an average rating of "Moderate Buy" and a consensus target price of $59.21.

Viking Trading Up 1.0%

Viking stock opened at $61.08 on Friday. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $65.37. The company's fifty day moving average price is $60.77 and its two-hundred day moving average price is $51.08. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 0.71 and a beta of 2.25. 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 released 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). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.89 EPS. The business's revenue was up 18.5% compared to the same quarter last year. On average, analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

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.

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