Public Employees Retirement System of Ohio Invests $3.36 Million in Viking Holdings Ltd. $VIK

Key Points

• The Public Employees Retirement System of Ohio has invested approximately $3.36 million in Viking Holdings Ltd., acquiring 63,107 shares in the process.
• Viking Holdings recently reported earnings of $0.99 per share, missing estimates, but saw a revenue increase of 18.5% year-over-year, totaling $1.88 billion.
• Analysts have raised their price targets for Viking, with Stifel Nicolaus increasing its target to $75.00 and nine analysts collectively giving the stock a "Buy" rating.

Public Employees Retirement System of Ohio acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 63,107 shares of the company's stock, valued at approximately $3,363,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Westend Capital Management LLC boosted its position in shares of Viking by 3.3% during the second quarter. Westend Capital Management LLC now owns 279,771 shares of the company's stock worth $14,909,000 after buying an additional 8,807 shares during the period. Farther Finance Advisors LLC lifted its position in Viking by 4,400.0% in the second quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company's stock worth $120,000 after purchasing an additional 2,200 shares during the period. Radnor Capital Management LLC lifted its position in Viking by 7.0% in the second quarter. Radnor Capital Management LLC now owns 28,430 shares of the company's stock worth $1,515,000 after purchasing an additional 1,850 shares during the period. Parallel Advisors LLC lifted its position in Viking by 9.1% in the second quarter. Parallel Advisors LLC now owns 69,764 shares of the company's stock worth $3,718,000 after purchasing an additional 5,816 shares during the period. Finally, HMS Capital Management LLC acquired a new stake in Viking in the second quarter worth approximately $257,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Price Performance

Shares of NYSE:VIK opened at $62.21 on Wednesday. The company's fifty day moving average is $60.66 and its two-hundred day moving average is $50.88. 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 Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $65.37. The company has a market cap of $27.57 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 0.72 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last announced its 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 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 analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.89 earnings per share. Viking's revenue for the quarter was up 18.5% compared to the same quarter last year. Equities analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upped 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. UBS Group upped their target price on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Bank of America upped their target price on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Truist Financial upped their target price on Viking from $55.00 to $59.00 and gave the stock a "hold" rating in a research report on Friday, September 19th. Finally, Jefferies Financial Group increased their price objective on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $59.21.

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.

Want to see what other hedge funds are holding VIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viking Holdings Ltd. (NYSE:VIK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.