Viking Holdings Ltd. $VIK Stake Raised by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. has increased its stake in Viking Holdings Ltd. (NYSE:VIK) by 8.0%, making it the firm's 7th largest position, holding approximately 18.6 million shares valued at around $741.6 million.
• Several analysts have given Viking a mix of ratings, with nine categorizing it as a "Buy" and five as "Hold," while Citigroup and JPMorgan Chase & Co. both raised their price targets for the stock to around $61.00 - $68.00.
• Viking reported $0.99 EPS, falling short of expectations, but showed strong revenue growth of 18.5% year-over-year, totaling $1.88 billion for the quarter.

Select Equity Group L.P. lifted its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,656,810 shares of the company's stock after acquiring an additional 1,376,899 shares during the quarter. Viking accounts for about 3.2% of Select Equity Group L.P.'s investment portfolio, making the stock its 7th largest holding. Select Equity Group L.P. owned 4.32% of Viking worth $741,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pentwater Capital Management LP bought a new stake in Viking during the first quarter valued at approximately $795,000. NewEdge Advisors LLC grew its position in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares during the period. Ionic Capital Management LLC bought a new stake in Viking during the first quarter valued at approximately $202,000. Boothbay Fund Management LLC grew its position in Viking by 1.5% during the first quarter. Boothbay Fund Management LLC now owns 240,843 shares of the company's stock valued at $9,574,000 after buying an additional 3,448 shares during the period. Finally, 140 Summer Partners LP grew its position in Viking by 13.8% during the first quarter. 140 Summer Partners LP now owns 1,027,577 shares of the company's stock valued at $40,846,000 after buying an additional 124,486 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

VIK has been the subject of several recent research reports. Wall Street Zen lowered shares of Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Loop Capital restated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Jefferies Financial Group boosted their target price on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research report on Monday, July 7th. UBS Group increased their price objective on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Citigroup raised their price objective on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Viking currently has an average rating of "Moderate Buy" and an average price target of $58.93.

Viking Price Performance

Viking stock traded down $0.05 during mid-day trading on Tuesday, reaching $63.69. 1,242,437 shares of the company's stock traded hands, compared to its average volume of 2,601,004. The company has a market cap of $28.23 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 0.75 and a beta of 2.40. The stock has a 50 day moving average of $59.02 and a two-hundred day moving average of $49.11. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $64.26.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. Viking's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. Equities analysts forecast 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.