100,000 Shares in Viking Holdings Ltd. $VIK Bought by Zimmer Partners LP

Key Points

• Zimmer Partners LP has acquired 100,000 shares of Viking Holdings Ltd., valuing the investment at approximately $3.975 million, highlighting increased institutional interest in the company.
• Analyst ratings are mixed, with Stifel Nicolaus boosting the price target from $50 to $75 and maintaining a "buy" rating, while Wall Street Zen downgraded the stock from "buy" to "hold."
• Viking Holdings Ltd. reported a net margin of 13.99% and revenue growth of 18.5% year-over-year, though it missed EPS estimates for the recent quarter.

Zimmer Partners LP acquired a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company's stock, valued at approximately $3,975,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of Viking in the fourth quarter valued at about $1,792,000. Two Sigma Advisers LP increased its holdings in Viking by 4,840.2% during the 4th 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 in the last quarter. Cetera Investment Advisers purchased a new position in Viking during the 4th quarter valued at about $310,000. Northern Trust Corp purchased a new position in Viking during the 4th quarter valued at about $1,063,000. Finally, Select Equity Group L.P. increased its holdings in Viking by 26.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Down 3.1%

Shares of NYSE VIK traded down $1.99 during trading on Friday, reaching $63.33. 1,122,988 shares of the stock were exchanged, compared to its average volume of 2,532,154. The business's 50-day moving average price is $59.54 and its 200 day moving average price is $49.42. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $65.37. 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 company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 0.77 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, August 19th. The company reported $0.99 EPS 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company's revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on VIK. Truist Financial raised their target price on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Loop Capital reiterated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. UBS Group lifted their price target on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Bank of America boosted their target price on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $58.93.

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.