Viking Holdings Ltd. $VIK Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has reduced its stake in Viking Holdings Ltd. by 77.4%, selling 232,933 shares during the first quarter and now holds only 68,020 shares valued at approximately $2.7 million.
• Viking's stock opened at $58.41 and reported a 1.4% decrease. Over the past 12 months, it reached a high of $60.97 and a low of $30.75.
• The company recently missed earnings estimates for the quarter, reporting $0.99 EPS compared to expectations of $1.00, but managed to exceed revenue expectations with $1.88 billion.

Quantbot Technologies LP cut its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 77.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,020 shares of the company's stock after selling 232,933 shares during the period. Quantbot Technologies LP's holdings in Viking were worth $2,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in Viking by 1.7% during the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock valued at $759,000 after purchasing an additional 324 shares during the last quarter. Harbour Investments Inc. boosted its stake in Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares during the period. Commerce Bank grew its position in Viking by 4.7% during the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock worth $355,000 after purchasing an additional 399 shares in the last quarter. Costello Asset Management INC acquired a new stake in Viking during the 1st quarter valued at $33,000. Finally, Quarry LP purchased a new stake in shares of Viking in the fourth quarter valued at $66,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Stock Down 1.4%

VIK stock opened at $58.4150 on Thursday. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $60.97. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 0.68 and a beta of 2.40. The company has a 50 day moving average of $55.61 and a two-hundred day moving average of $48.07.

Viking (NYSE:VIK - Get Free Report) last released its 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 company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. Viking had a negative return on equity of 219.34% and a net margin of 13.99%.The firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on VIK. Barclays raised their target price on Viking from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Stifel Nicolaus raised their target price on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Finally, Morgan Stanley increased their target price on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.