Viking Holdings Ltd. $VIK Shares Purchased by Renaissance Capital LLC

Key Points

• Renaissance Capital LLC increased its stake in Viking Holdings Ltd. by 28.5%, owning approximately 5.9% of the company, valued at $8.47 million as of the end of the recent quarter.
• Viking has received revised target prices from various analysts, with Truist Financial setting a target at $59 and Stifel Nicolaus at $75, indicating strong interest in the company's performance.
• Viking Holdings reported $1.88 billion in revenue for its last quarter, a year-over-year increase of 18.5%, despite a slight miss on earnings per share compared to analyst expectations.

Renaissance Capital LLC increased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 28.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,875 shares of the company's stock after purchasing an additional 35,246 shares during the quarter. Viking accounts for approximately 5.9% of Renaissance Capital LLC's investment portfolio, making the stock its 5th largest holding. Renaissance Capital LLC's holdings in Viking were worth $8,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Central Pacific Bank Trust Division lifted its holdings in shares of Viking by 2.4% during the second quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock worth $633,000 after purchasing an additional 274 shares during the period. Cerity Partners LLC grew its stake in shares of Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after purchasing an additional 324 shares during the period. Harbour Investments Inc. lifted its position in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares in the last quarter. Commerce Bank lifted its position in shares of Viking by 4.7% during the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after buying an additional 399 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Truist Financial increased their target price on Viking from $55.00 to $59.00 and gave the company a "hold" rating in a research report on Friday, September 19th. Stifel Nicolaus increased their target price on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Bank of America boosted their price target on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup boosted their price target on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Barclays boosted their price target on Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and an average target price of $59.21.

Viking Stock Performance

NYSE VIK opened at $60.97 on Tuesday. The stock's fifty day moving average is $60.56 and its two-hundred day moving average is $50.80. The firm has a market capitalization of $27.02 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 0.71 and a beta of 2.40. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $65.37.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $1.84 billion. During the same period last year, the firm posted $0.89 EPS. The business's quarterly revenue was up 18.5% on a year-over-year basis. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.

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