Pentwater Capital Management LP Acquires Shares of 20,000 Viking Holdings Ltd. $VIK

Key Points

• Pentwater Capital Management LP has invested approximately $795,000 in Viking Holdings Ltd., acquiring 20,000 shares of the company in the first quarter.
• Viking Holdings Ltd. reported lower than expected earnings per share of $0.99 for the last quarter, missing analysts' consensus estimate of $1.00.
• Institutional investors and hedge funds currently hold 98.84% of Viking's stock, indicating strong backing from major financial entities.

Pentwater Capital Management LP bought a new position in Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the company's stock, valued at approximately $795,000.

Several other institutional investors have also added to or reduced their stakes in VIK. Costello Asset Management INC bought a new position in Viking in the first quarter worth approximately $33,000. Harbour Investments Inc. raised its position 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 acquiring an additional 346 shares during the period. NewEdge Advisors LLC increased its position in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock worth $57,000 after buying an additional 690 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Viking in the fourth quarter worth about $110,000. Finally, Golden State Wealth Management LLC increased its position 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 in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

Viking stock traded down $0.05 during midday trading on Tuesday, reaching $63.69. 1,242,437 shares of the stock traded hands, compared to its average volume of 2,601,004. The stock's fifty day moving average is $59.02 and its 200-day moving average is $49.11. Viking Holdings Ltd. has a 12 month low of $30.75 and a 12 month high of $64.26. The stock has a market cap of $28.23 billion, a P/E ratio of 34.43, a PEG ratio of 0.75 and a beta of 2.40. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

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 analysts' consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $0.89 earnings per share. Viking's quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

VIK has been the subject of a number of analyst reports. UBS Group upped their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Barclays lifted their target price on shares of Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Truist Financial lifted their target price 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. Loop Capital restated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus increased their target price on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.