30,000 Shares in Viking Holdings Ltd (NYSE:VIK) Purchased by Fortress Investment Group LLC

Fortress Investment Group LLC acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 30,000 shares of the company's stock, valued at approximately $1,322,000. Viking accounts for about 0.2% of Fortress Investment Group LLC's holdings, making the stock its 12th biggest position.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares during the period. Quarry LP acquired a new stake in Viking during the 4th quarter valued at $66,000. Golden State Wealth Management LLC acquired a new stake in Viking during the 4th quarter valued at $73,000. New York State Common Retirement Fund acquired a new stake in Viking in the fourth quarter valued at $119,000. Finally, Rhumbline Advisers acquired a new stake in Viking in the fourth quarter valued at $130,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Price Performance

Shares of VIK stock traded up $2.28 during trading hours on Monday, reaching $45.53. The stock had a trading volume of 2,769,916 shares, compared to its average volume of 2,326,301. Viking Holdings Ltd has a twelve month low of $27.60 and a twelve month high of $53.14. The firm has a 50-day simple moving average of $40.49 and a 200-day simple moving average of $44.26. The firm has a market capitalization of $19.65 billion and a PE ratio of 175.13.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The firm's revenue was up 20.5% on a year-over-year basis. On average, equities analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on VIK shares. Barclays cut their price target on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Loop Capital started coverage on shares of Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target on the stock. Melius Research set a $51.00 price target on shares of Viking in a report on Monday, April 21st. The Goldman Sachs Group cut their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Northcoast Research initiated coverage on shares of Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 price target on the stock. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $46.89.

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.