River Street Advisors LLC Buys New Stake in Viking Holdings Ltd. $VIK

Key Points

• River Street Advisors LLC acquired 15,998 shares in Viking Holdings Ltd., valued at approximately $853,000, marking a significant new institutional investment in the company.
• Viking Holdings reported earnings of $0.99 per share, slightly missing analyst estimates, but its quarterly revenue increased by 18.5% year-over-year, reaching $1.88 billion.
• Wall Street analysts have generally favorable views on Viking Holdings, with multiple firms increasing their price targets, highlighting a consensus average rating of "Moderate Buy."

River Street Advisors LLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,998 shares of the company's stock, valued at approximately $853,000.

A number of other institutional investors also recently added to or reduced their stakes in VIK. Costello Asset Management INC acquired a new stake in Viking in the 1st quarter valued at $33,000. Harbour Investments Inc. lifted its holdings in shares of Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after purchasing an additional 690 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Viking by 4,400.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company's stock worth $120,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after acquiring an additional 1,650 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Stock Up 1.0%

NYSE:VIK opened at $61.08 on Friday. 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 stock's fifty day simple moving average is $60.77 and its 200-day simple moving average is $51.08. The firm has a market capitalization of $27.07 billion, a P/E ratio of 33.02, a P/E/G ratio of 0.71 and a beta of 2.25.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.Viking's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIK. Morgan Stanley boosted their price objective on Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Stifel Nicolaus upped their price target on shares of Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Citigroup raised their price objective on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Truist Financial upped their target price on shares of Viking from $55.00 to $59.00 and gave the stock a "hold" rating in a research report on Friday, September 19th. Finally, Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of "Moderate Buy" and an average price target of $59.21.

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.

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