Victory Capital Management Inc. Has $6 Million Stake in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Victory Capital Management Inc. significantly increased its stake in Viking Holdings Ltd. by 361.0%, acquiring an additional 118,245 shares, bringing their total holdings to 151,004 shares worth approximately $6.0 million.
• Several hedge funds have adjusted their positions in Viking, with institutional investors now owning 98.84% of the company's stock.
• Viking Holdings Ltd. reported an earnings per share of ($0.24) for the last quarter, surpassing analyst expectations, alongside a 24.9% increase in revenue compared to the same quarter last year.

Victory Capital Management Inc. increased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 361.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,004 shares of the company's stock after purchasing an additional 118,245 shares during the quarter. Victory Capital Management Inc.'s holdings in Viking were worth $6,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new stake in Viking during the fourth quarter valued at about $66,000. Orion Capital Management LLC purchased a new position in Viking in the 4th quarter worth approximately $110,000. Golden State Wealth Management LLC raised its position in shares of Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after buying an additional 1,650 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Viking by 2,135.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after purchasing an additional 3,822 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Viking in the 4th quarter worth about $194,000. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

NYSE VIK traded up $0.54 during trading hours on Friday, hitting $58.29. The company had a trading volume of 1,681,531 shares, compared to its average volume of 3,482,480. The firm's 50 day moving average is $50.96 and its 200 day moving average is $46.60. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 47.39, a P/E/G ratio of 0.68 and a beta of 2.38. Viking Holdings Ltd. has a fifty-two week low of $30.56 and a fifty-two week high of $58.70.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on VIK shares. Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price target for the company. Stifel Nicolaus set a $50.00 target price on Viking and gave the company a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Truist Financial increased their price target on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Viking presently has an average rating of "Moderate Buy" and a consensus target price of $53.33.

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.