Two Sigma Advisers LP increased its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 4,840.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,321,900 shares of the company's stock after acquiring an additional 2,274,900 shares during the period. Two Sigma Advisers LP owned about 0.54% of Viking worth $102,303,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after acquiring an additional 285 shares during the last quarter. CIBC Asset Management Inc raised its stake in Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after buying an additional 491 shares during the last quarter. Commerce Bank raised its stake in Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after buying an additional 625 shares during the last quarter. Merit Financial Group LLC raised its stake in Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after buying an additional 700 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after buying an additional 1,165 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Viking Stock Performance
Shares of VIK stock opened at $48.37 on Monday. Viking Holdings Ltd has a 52-week low of $28.62 and a 52-week high of $53.14. The firm has a market capitalization of $20.87 billion and a PE ratio of 186.05. The stock has a fifty day simple moving average of $40.80 and a two-hundred day simple moving average of $44.47.
Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a research note on Tuesday, April 1st. Truist Financial boosted their target price on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Northcoast Research assumed coverage on shares of Viking in a research note on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.
View Our Latest Stock Report on Viking
Viking Company Profile
(
Free Report)
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.
See Also
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