Riposte Capital LLC Cuts Stock Holdings in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Riposte Capital LLC reduced its stake in Viking Holdings Ltd. by 50%, ending the first quarter with 100,000 shares valued at approximately $3.975 million.
• Viking reported a quarterly revenue of $897.06 million, exceeding analysts' expectations, and achieved an EPS of ($0.24), beating the consensus estimate of ($0.26).
• The stock has an average rating of "Moderate Buy" among analysts, with a consensus price target of $53.33.

Riposte Capital LLC trimmed its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the company's stock after selling 100,000 shares during the period. Viking comprises about 0.7% of Riposte Capital LLC's portfolio, making the stock its 19th largest position. Riposte Capital LLC's holdings in Viking were worth $3,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Viking by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after buying an additional 1,234 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Viking by 111.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock valued at $727,000 after buying an additional 8,693 shares during the last quarter. Natixis Advisors LLC purchased a new stake in shares of Viking during the fourth quarter valued at about $657,000. American Century Companies Inc. purchased a new stake in shares of Viking during the fourth quarter valued at about $33,499,000. Finally, LPL Financial LLC lifted its position in shares of Viking by 23.9% during the fourth quarter. LPL Financial LLC now owns 43,898 shares of the company's stock valued at $1,934,000 after buying an additional 8,456 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Down 2.1%

NYSE VIK traded down $1.21 on Tuesday, hitting $57.57. 1,096,436 shares of the company's stock traded hands, compared to its average volume of 3,221,783. The firm has a market capitalization of $25.51 billion, a PE ratio of 46.78, a P/E/G ratio of 0.68 and a beta of 2.38. The firm's 50-day moving average price is $51.20 and its two-hundred day moving average price is $46.76. Viking Holdings Ltd. has a 1-year low of $30.56 and a 1-year high of $58.99.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. The firm had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.21) EPS. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on VIK shares. Truist Financial increased their price target on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Jefferies Financial Group increased their price target on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 7th. Barclays increased their price objective on shares of Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group decreased their price objective on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Loop Capital reaffirmed a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.33.

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.