State of Wyoming Trims Holdings in Viking Holdings Ltd. $VIK

Key Points

• The State of Wyoming reduced its holdings in Viking Holdings Ltd. by 53.8%, owning 4,003 shares valued at $159,000 after selling 4,661 shares recently.
• Hedge funds such as Select Equity Group and Two Sigma Advisers have significantly increased their positions in Viking, bringing the total institutional ownership to 98.84%.
• Viking's quarterly earnings revealed a miss on earnings per share at $0.99 compared to an estimated $1.00, although revenue exceeded expectations at $1.88 billion.

State of Wyoming lessened its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 53.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,003 shares of the company's stock after selling 4,661 shares during the period. State of Wyoming's holdings in Viking were worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VIK. Select Equity Group L.P. increased its holdings in Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after purchasing an additional 3,658,225 shares during the period. Two Sigma Advisers LP increased its holdings in Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after purchasing an additional 2,274,900 shares during the period. Two Sigma Investments LP increased its holdings in Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after purchasing an additional 2,270,075 shares during the period. Millennium Management LLC increased its holdings in Viking by 580.0% during the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after purchasing an additional 1,868,733 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in Viking during the 4th quarter valued at about $59,226,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Viking stock opened at $62.75 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. The company has a market capitalization of $27.81 billion, a P/E ratio of 33.92, a PEG ratio of 0.74 and a beta of 2.40. The stock's 50 day moving average is $58.62 and its 200 day moving average is $48.92. Viking Holdings Ltd. has a twelve month low of $30.75 and a twelve month high of $64.11.

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

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of research analyst reports. Bank of America boosted their price target on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Jefferies Financial Group upped their target price on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. JPMorgan Chase & Co. upped their target price on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Stifel Nicolaus upped their target price on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

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.

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