GCM Grosvenor Holdings LLC Acquires 222,009 Shares of Viking Holdings Ltd (NYSE:VIK)

GCM Grosvenor Holdings LLC grew its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 233.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,000 shares of the company's stock after acquiring an additional 222,009 shares during the period. Viking comprises approximately 2.0% of GCM Grosvenor Holdings LLC's holdings, making the stock its 12th biggest position. GCM Grosvenor Holdings LLC owned 0.07% of Viking worth $13,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its position in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after purchasing an additional 285 shares during the last quarter. Quarry LP purchased a new position in shares of Viking in the fourth quarter worth approximately $66,000. Golden State Wealth Management LLC purchased a new position in shares of Viking in the fourth quarter worth approximately $73,000. New York State Common Retirement Fund acquired a new stake in Viking during the fourth quarter valued at $119,000. Finally, Rhumbline Advisers purchased a new stake in shares of Viking during the 4th quarter worth about $130,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VIK. Morgan Stanley lowered their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. BNP Paribas began coverage on Viking in a research report on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. Finally, Melius Research set a $51.00 price objective on Viking in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Viking presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Trading Down 0.8%

Shares of VIK stock traded down $0.34 on Friday, hitting $43.23. 1,065,245 shares of the stock were exchanged, compared to its average volume of 2,324,519. The firm has a market capitalization of $18.65 billion and a P/E ratio of 166.27. The business has a 50-day moving average of $40.53 and a 200 day moving average of $44.21. Viking Holdings Ltd has a fifty-two week low of $27.60 and a fifty-two week high of $53.14.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue was up 20.5% compared to the same quarter last year. As a group, research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

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.