ThornTree Capital Partners LP Has $38.12 Million Stock Position in Viking Holdings Ltd. $VIK

Key Points

• ThornTree Capital Partners has reduced its stake in Viking Holdings Ltd. by 1.9%, now holding approximately 959,057 shares, which represent 8.4% of its portfolio.
• Several institutional investors, including Select Equity Group and Two Sigma Advisers, significantly increased their holdings in Viking in the fourth quarter, with Two Sigma Advisers raising its stake by over 4,840%.
• Analysts maintain a positive outlook on Viking, with nine analysts rating it as a Buy and a consensus target price of $58.93, despite the company missing earnings estimates in its latest quarterly report.

ThornTree Capital Partners LP trimmed its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 959,057 shares of the company's stock after selling 18,151 shares during the quarter. Viking accounts for about 8.4% of ThornTree Capital Partners LP's holdings, making the stock its 2nd largest position. ThornTree Capital Partners LP owned about 0.22% of Viking worth $38,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VIK. Select Equity Group L.P. increased its position in shares of Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after acquiring an additional 3,658,225 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Viking by 4,840.2% during the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after acquiring an additional 2,274,900 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after acquiring an additional 2,270,075 shares during the last quarter. Millennium Management LLC increased its position in shares of Viking by 580.0% during the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after acquiring an additional 1,868,733 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Viking during the fourth quarter valued at approximately $59,226,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VIK shares. Morgan Stanley increased their price target on Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Barclays raised their target price on Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. UBS Group raised their target price on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, 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. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.93.

Viking Stock Performance

Shares of NYSE VIK traded down $0.05 during mid-day trading on Tuesday, hitting $63.69. The company had a trading volume of 1,242,437 shares, compared to its average volume of 2,601,004. The company has a market capitalization of $28.23 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 0.75 and a beta of 2.40. Viking Holdings Ltd. has a 1 year low of $30.75 and a 1 year high of $64.26. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The stock's 50-day moving average price is $59.02 and its 200-day moving average price is $49.11.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 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 quarter last year, the firm posted $0.89 earnings per share. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

About Viking

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.