Sciencast Management LP Buys Shares of 7,326 Viking Holdings Ltd. $VIK

Key Points

• Sciencast Management LP has invested approximately $291,000 in Viking Holdings Ltd., acquiring 7,326 shares during the first quarter.
• Viking's quarterly earnings report showed earnings per share (EPS) of $0.99, slightly missing analysts' expectations, but revenue increased 18.5% year-over-year with $1.88 billion reported.
• Several brokerages have raised their price targets for Viking shares, with Bank of America increasing it from $51.00 to $70.00 and maintaining a "buy" rating.

Sciencast Management LP purchased a new position in Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,326 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC raised its position in Viking by 1.7% in the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after acquiring an additional 324 shares in the last quarter. 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 in the last quarter. Commerce Bank raised its position in Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock worth $355,000 after acquiring an additional 399 shares in the last quarter. NewEdge Advisors LLC raised 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 acquiring an additional 690 shares in the last quarter. Finally, Costello Asset Management INC bought a new stake in Viking in the first quarter worth about $33,000. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Down 3.1%

VIK traded down $1.99 during trading on Friday, reaching $63.33. The company had a trading volume of 1,122,988 shares, compared to its average volume of 2,532,154. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $65.37. The firm's 50-day simple moving average is $59.54 and its 200 day simple moving average is $49.42. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 0.77 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share 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 business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm earned $0.89 EPS. The company's revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. UBS Group lifted their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Truist Financial lifted their price target on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Morgan Stanley lifted their price target on Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Finally, Barclays lifted their price target on Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.