Sculptor Capital LP Cuts Stake in Viking Holdings Ltd (NYSE:VIK)

Sculptor Capital LP reduced its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,000 shares of the company's stock after selling 22,000 shares during the period. Sculptor Capital LP owned about 0.05% of Viking worth $10,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in shares of Viking in the fourth quarter worth approximately $567,000. Blue Chip Partners LLC bought a new position in shares of Viking in the fourth quarter worth approximately $279,000. Renaissance Capital LLC boosted its position in shares of Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after purchasing an additional 1,070,589 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Viking in the fourth quarter worth approximately $339,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VIK shares. Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. Morgan Stanley cut their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. 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 target price on the stock. BNP Paribas began coverage on shares of Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and an average price target of $46.89.

Viking Stock Down 5.2%

NYSE VIK traded down $2.44 on Tuesday, hitting $44.64. 7,427,933 shares of the stock were exchanged, compared to its average volume of 2,378,048. The company has a market cap of $19.26 billion and a PE ratio of 171.69. Viking Holdings Ltd has a fifty-two week low of $28.62 and a fifty-two week high of $53.14. The company has a 50-day moving average price of $41.04 and a 200-day moving average price of $44.52.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. During the same period last year, the firm earned ($1.21) earnings per share. The business's quarterly revenue was up 24.9% compared to the same quarter last year. As a group, equities research analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

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.