Teacher Retirement System of Texas Makes New Investment in Viking Holdings Ltd. (NYSE:VIK)

Teacher Retirement System of Texas purchased a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 794,595 shares of the company's stock, valued at approximately $31,585,000. Teacher Retirement System of Texas owned about 0.18% of Viking at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Acuitas Investments LLC acquired a new position in shares of Viking during the first quarter worth about $731,000. Lisanti Capital Growth LLC raised its stake in Viking by 40.8% in the 1st quarter. Lisanti Capital Growth LLC now owns 33,320 shares of the company's stock valued at $1,324,000 after purchasing an additional 9,650 shares during the last quarter. Westend Capital Management LLC raised its position in shares of Viking by 1.9% in the first quarter. Westend Capital Management LLC now owns 270,964 shares of the company's stock valued at $10,771,000 after buying an additional 5,115 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Viking by 20.1% in the 1st quarter. Harbour Capital Advisors LLC now owns 15,570 shares of the company's stock worth $597,000 after buying an additional 2,610 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIK has been the topic of a number of research reports. Redburn Atlantic upgraded Viking to a "hold" rating in a report on Tuesday, April 1st. UBS Group lifted their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Melius Research set a $51.00 target price on Viking in a research note on Monday, April 21st. Jefferies Financial Group assumed coverage on Viking in a report on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective for the company. Finally, Citigroup lifted their price objective on shares of Viking from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.87.

Viking Stock Up 1.8%

NYSE VIK traded up $1.00 on Friday, hitting $55.56. The stock had a trading volume of 2,339,820 shares, compared to its average volume of 2,624,588. The company's 50-day moving average is $46.64 and its two-hundred day moving average is $45.21. The stock has a market cap of $24.62 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 0.67 and a beta of 2.38. Viking Holdings Ltd. has a one year low of $30.56 and a one year high of $55.77.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. During the same quarter last year, the business earned ($1.21) earnings per share. The business's revenue for the quarter was up 24.9% on a year-over-year basis. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.