PDT Partners LLC Increases Holdings in Viking Holdings Ltd. $VIK

Key Points

• PDT Partners LLC increased its holdings in Viking Holdings Ltd. by 16.8%, purchasing an additional 16,400 shares to bring its total to 114,239 shares valued at approximately $4.54 million.
• Several institutional investors have significantly increased their stakes in Viking, with Tower Research Capital boosting its investment by 2,135.2% in the last quarter.
• Viking reported earnings of $0.99 per share for the most recent quarter, slightly underperforming analysts' expectations, while its revenue increased by 18.5% year-over-year.

PDT Partners LLC increased its holdings in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 16.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,239 shares of the company's stock after purchasing an additional 16,400 shares during the quarter. PDT Partners LLC's holdings in Viking were worth $4,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Viking in the first quarter worth about $33,000. Harbour Investments Inc. lifted its holdings in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after buying an additional 346 shares during the period. Orion Capital Management LLC purchased a new stake in Viking in the fourth quarter worth about $110,000. Golden State Wealth Management LLC lifted its holdings in Viking by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after buying an additional 1,650 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Viking by 2,135.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after buying an additional 3,822 shares during the period. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

VIK stock traded up $0.91 during mid-day trading on Thursday, hitting $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 market capitalization 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. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $64.11. 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 company has a 50-day moving average price of $58.42 and a 200 day moving average price of $48.85.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm'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 firm earned $0.89 EPS. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VIK. Citigroup raised their price objective on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Jefferies Financial Group raised their price objective on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Morgan Stanley lifted their target price on shares of Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.93.

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.