Stephens Investment Management Group LLC Takes $32.43 Million Position in Viking Holdings Ltd. $VIK

Key Points

• Stephens Investment Management Group LLC has acquired a new stake in Viking Holdings Ltd, purchasing 608,493 shares valued at approximately $32.43 million, representing 0.14% ownership of the company.
• Viking reported earnings per share of $0.99 for the last quarter, missing estimates by $0.01, though its revenue of $1.88 billion surpassed expectations.
• Analysts have mixed ratings on Viking, with nine recommending a buy, while one downgraded the stock to a hold and another issued an underperform rating.

Stephens Investment Management Group LLC purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 608,493 shares of the company's stock, valued at approximately $32,427,000. Stephens Investment Management Group LLC owned 0.14% of Viking as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new position in shares of Viking during the second quarter valued at $27,000. Private Trust Co. NA acquired a new position in shares of Viking during the second quarter valued at $29,000. Costello Asset Management INC bought a new stake in Viking in the first quarter valued at about $33,000. Harbour Investments Inc. increased its holdings in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after purchasing an additional 346 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Up 0.8%

Shares of Viking stock opened at $61.31 on Wednesday. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $65.37. The business has a 50-day moving average of $61.30 and a two-hundred day moving average of $52.98. The company has a market capitalization of $27.17 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 0.71 and a beta of 2.24. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). The business had revenue of $1.88 billion during 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%.The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. As a group, equities analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VIK shares. Stifel Nicolaus upped their price objective on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Morgan Stanley upped their price objective on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Viking in a report on Wednesday, October 8th. Finally, Mizuho started coverage on Viking in a report on Friday, October 10th. They issued an "underperform" rating and a $54.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

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