Sculptor Capital LP Grows Stock Holdings in Viking Holdings Ltd. $VIK

Key Points

• Sculptor Capital LP significantly increased its stake in Viking Holdings Ltd. by 503.9%, owning 1,377,000 shares valued at approximately $54.74 million as of the end of the most recent quarter.
• Viking reported quarterly earnings of $0.99 per share, missing the consensus estimate of $1.00, although revenue rose by 18.5% year-over-year, reaching $1.88 billion.
• Several analysts have upgraded their price targets for Viking, with UBS Group increasing its target from $55.00 to $69.00 and the stock currently holds an average rating of "Moderate Buy."

Sculptor Capital LP increased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 503.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,377,000 shares of the company's stock after acquiring an additional 1,149,000 shares during the period. Sculptor Capital LP owned about 0.32% of Viking worth $54,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Viking by 2,135.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after buying an additional 3,822 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Viking by 271.2% in the 4th quarter. Stifel Financial Corp now owns 46,135 shares of the company's stock valued at $2,033,000 after buying an additional 33,707 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Viking in the 4th quarter valued at about $567,000. Integrated Wealth Concepts LLC acquired a new position in Viking in the 4th quarter worth about $202,000. Finally, Quarry LP acquired a new position in Viking in the 4th quarter worth about $66,000. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VIK shares. UBS Group upped their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Truist Financial increased their target price on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Loop Capital reaffirmed a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Morgan Stanley increased their price target on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Finally, Citigroup increased their price objective on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.60.

Viking Trading Down 2.0%

Viking stock traded down $1.26 during mid-day trading on Tuesday, hitting $62.36. The company's stock had a trading volume of 1,500,224 shares, compared to its average volume of 3,168,292. The firm has a market capitalization of $27.63 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 0.75 and a beta of 2.40. Viking Holdings Ltd. has a 1 year low of $30.75 and a 1 year high of $64.11. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The stock's fifty day moving average is $57.98 and its two-hundred day moving average is $48.67.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 374.71% and a net margin of 13.99%.The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company's revenue was up 18.5% on a year-over-year basis. On average, analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

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.