Freestone Grove Partners LP purchased a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 709,645 shares of the company's stock, valued at approximately $31,267,000. Freestone Grove Partners LP owned about 0.16% of Viking at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Soros Fund Management LLC boosted its position in Viking by 20.0% during the fourth quarter. Soros Fund Management LLC now owns 900,000 shares of the company's stock valued at $39,654,000 after acquiring an additional 150,000 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Viking during the fourth quarter valued at about $5,901,000. AQR Capital Management LLC bought a new position in shares of Viking during the 4th quarter worth about $14,746,000. AdvisorShares Investments LLC acquired a new stake in shares of Viking in the 4th quarter valued at about $194,000. Finally, Northern Trust Corp bought a new stake in Viking in the 4th quarter valued at about $1,063,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Viking Price Performance
NYSE:VIK traded up $1.37 during trading hours on Friday, hitting $42.30. The company had a trading volume of 3,484,239 shares, compared to its average volume of 2,341,585. The company has a market capitalization of $18.25 billion and a PE ratio of 162.69. The stock has a 50-day moving average price of $40.99 and a 200 day moving average price of $44.03. Viking Holdings Ltd has a 52 week low of $27.60 and a 52 week high of $53.14.
Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Viking's revenue for the quarter was up 20.5% on a year-over-year basis. Analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have commented on VIK shares. Northcoast Research began coverage on shares of Viking in a research note on Friday, April 25th. They set a "buy" rating and a $51.00 price target for the company. JPMorgan Chase & Co. raised their target price on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. BNP Paribas initiated coverage on shares of Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price for the company. Morgan Stanley reduced their price objective on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Barclays dropped their target price on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Viking has an average rating of "Moderate Buy" and a consensus price target of $46.89.
Read Our Latest Analysis on Viking
About Viking
(
Free Report)
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.
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