Viking Holdings Ltd. $VIK Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in Viking Holdings Ltd by 53%, owning approximately 683,771 shares worth $27.18 million as of the latest SEC filing.
• Several institutional investors are actively increasing their positions in Viking, with 98.84% of the company's stock now held by hedge funds and other institutional entities.
• Research firms have raised their price targets for Viking, with an average target of $57.60, reflecting a consensus rating of "Moderate Buy" from ten analysts.

The Manufacturers Life Insurance Company raised its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 53.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 683,771 shares of the company's stock after buying an additional 236,926 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.16% of Viking worth $27,180,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VIK. Tower Research Capital LLC TRC increased its stake in shares of Viking by 2,135.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after acquiring an additional 3,822 shares during the period. Stifel Financial Corp boosted its holdings in 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 purchasing an additional 33,707 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Viking during the 4th quarter worth approximately $567,000. Integrated Wealth Concepts LLC purchased a new position in shares of Viking during the 4th quarter worth approximately $202,000. Finally, Northern Trust Corp acquired a new stake in shares of Viking in the 4th quarter valued at approximately $1,063,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Truist Financial raised their price objective on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.93.

Viking Price Performance

Shares of Viking stock traded down $0.34 during trading on Friday, hitting $62.75. 1,520,859 shares of the company were exchanged, compared to its average volume of 3,140,751. Viking Holdings Ltd. has a fifty-two week low of $30.75 and a fifty-two week high of $64.11. 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 firm has a 50 day moving average price of $58.42 and a 200 day moving average price of $48.85. The stock has a market capitalization of $27.81 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 0.74 and a beta of 2.40.

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