OMERS ADMINISTRATION Corp Has $986,000 Stock Holdings in Viking Holdings Ltd. $VIK

Key Points

• OMERS ADMINISTRATION Corp has reduced its holdings in Viking Holdings Ltd. by 49.7%, now owning 24,800 shares valued at approximately $986,000.
• Recent brokerage reports show mixed ratings for Viking, with JPMorgan Chase raising its target price to $61.00, while Wall Street Zen downgraded it to a "hold".
• Viking Holdings reported a 0.99 EPS for the quarter, slightly below the consensus estimate, with revenues increasing by 18.5% year-over-year.

OMERS ADMINISTRATION Corp decreased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 49.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,800 shares of the company's stock after selling 24,500 shares during the period. OMERS ADMINISTRATION Corp's holdings in Viking were worth $986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VIK. Select Equity Group L.P. lifted its stake in Viking by 26.9% in the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after purchasing an additional 3,658,225 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares during the last quarter. Two Sigma Investments LP lifted its stake in Viking by 1,972.0% in the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after purchasing an additional 2,270,075 shares during the last quarter. Millennium Management LLC lifted its stake in Viking by 580.0% in the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after purchasing an additional 1,868,733 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Viking in the 4th quarter valued at approximately $59,226,000. Institutional investors own 98.84% of the company's stock.

Viking Stock Up 1.5%

NYSE:VIK traded up $0.91 during trading hours on Thursday, reaching $63.30. The company had a trading volume of 1,812,494 shares, compared to its average volume of 3,150,393. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 0.75 and a beta of 2.40. The business's 50-day simple moving average is $58.20 and its two-hundred day simple moving average is $48.77. Viking Holdings Ltd. has a twelve month low of $30.75 and a twelve month high of $64.11.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). The company 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 for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, equities analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VIK. Jefferies Financial Group raised their price target 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. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Truist Financial raised their price target on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Wall Street Zen downgraded shares of Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Citigroup raised their price target on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Viking currently 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.