Westend Capital Management LLC Increases Stake in Viking Holdings Ltd. $VIK

Key Points

• Westend Capital Management LLC has increased its stake in Viking Holdings Ltd. by 3.3%, now holding 279,771 shares valued at approximately $14.91 million, which constitutes 4.6% of their portfolio.
• The company's stock price was reported at $62.05, down 1.0%, with a 52-week range between $31.79 and $65.37.
• Viking reported an EPS of $0.99 for the last quarter, missing estimates, but achieved a revenue of $1.88 billion, which is above analyst expectations.

Westend Capital Management LLC raised its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 279,771 shares of the company's stock after buying an additional 8,807 shares during the period. Viking comprises about 4.6% of Westend Capital Management LLC's portfolio, making the stock its 7th largest holding. Westend Capital Management LLC owned 0.06% of Viking worth $14,909,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of VIK. Select Equity Group L.P. raised its position in Viking by 8.0% in the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock valued at $741,608,000 after purchasing an additional 1,376,899 shares during the period. Sculptor Capital LP grew its holdings in shares of Viking by 503.9% during the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company's stock worth $54,736,000 after purchasing an additional 1,149,000 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Viking in the first quarter valued at about $31,585,000. Invesco Ltd. increased its holdings in Viking by 57.8% in the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company's stock valued at $84,038,000 after buying an additional 774,265 shares in the last quarter. Finally, Primecap Management Co. CA acquired a new position in shares of Viking in the 1st quarter valued at $30,361,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Citigroup increased their target price on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Barclays increased their price target on shares of Viking from $55.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Morgan Stanley lifted their target price on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Finally, UBS Group raised their price target on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.21.

Viking Stock Performance

Shares of NYSE VIK traded up $0.31 during mid-day trading on Monday, reaching $62.55. 1,964,448 shares of the company were exchanged, compared to its average volume of 1,799,967. The company's 50-day simple moving average is $60.26 and its 200-day simple moving average is $50.11. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The stock has a market capitalization of $27.72 billion, a P/E ratio of 33.81, a P/E/G ratio of 0.73 and a beta of 2.40. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $65.37.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.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 earned $0.89 EPS. As a group, research analysts predict 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.