OMERS ADMINISTRATION Corp Makes New $2.17 Million Investment in Viking Holdings Ltd (NYSE:VIK)

OMERS ADMINISTRATION Corp bought a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,300 shares of the company's stock, valued at approximately $2,172,000.

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

Viking Trading Up 1.3%

NYSE:VIK opened at $46.78 on Thursday. The stock's 50-day moving average is $40.57 and its 200-day moving average is $44.29. Viking Holdings Ltd has a 1-year low of $27.60 and a 1-year high of $53.14. The stock has a market cap of $20.18 billion and a P/E ratio of 179.92.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on VIK shares. The Goldman Sachs Group decreased their target price 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. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a research report on Tuesday, April 1st. Loop Capital began coverage on shares of Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Morgan Stanley cut their target price on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial raised their target price on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.89.

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.

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