WCM Investment Management LLC Has $4.76 Million Stock Position in Viking Holdings Ltd. (NYSE:VIK)

WCM Investment Management LLC cut its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,006 shares of the company's stock after selling 20,275 shares during the period. WCM Investment Management LLC's holdings in Viking were worth $4,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lisanti Capital Growth LLC grew its stake in shares of Viking by 40.8% during the first quarter. Lisanti Capital Growth LLC now owns 33,320 shares of the company's stock worth $1,324,000 after purchasing an additional 9,650 shares in the last quarter. Westend Capital Management LLC boosted its position in shares of Viking by 1.9% during the 1st quarter. Westend Capital Management LLC now owns 270,964 shares of the company's stock worth $10,771,000 after acquiring an additional 5,115 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Viking by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after acquiring an additional 1,650 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Viking by 20.1% during the 1st quarter. Harbour Capital Advisors LLC now owns 15,570 shares of the company's stock worth $597,000 after acquiring an additional 2,610 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Viking by 81.0% during the first quarter. SG Americas Securities LLC now owns 638,262 shares of the company's stock worth $25,371,000 after purchasing an additional 285,603 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on VIK. The Goldman Sachs Group reduced their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Loop Capital reissued a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Citigroup raised their price target on Viking from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Redburn Atlantic raised Viking to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays reduced their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.87.

Viking Trading Up 1.8%

NYSE:VIK traded up $1.00 during mid-day trading on Thursday, reaching $55.56. 2,339,820 shares of the stock were exchanged, compared to its average volume of 2,619,846. The business has a fifty day moving average price of $46.33 and a 200 day moving average price of $45.15. Viking Holdings Ltd. has a 1-year low of $30.56 and a 1-year high of $55.85. The firm has a market capitalization of $24.62 billion, a PE ratio of 45.17, a PEG ratio of 0.66 and a beta of 2.38.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The company had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same quarter in the previous year, the company posted ($1.21) EPS. The business's revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts forecast 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.