Viking Holdings Ltd (NYSE:VIK) Short Interest Down 16.6% in March

Viking Holdings Ltd (NYSE:VIK - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 6,390,000 shares, a decrease of 16.6% from the March 15th total of 7,660,000 shares. Based on an average trading volume of 3,480,000 shares, the short-interest ratio is currently 1.8 days. Currently, 3.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VIK shares. Morgan Stanley decreased their price objective on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. upped their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Truist Financial raised their price objective 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. Northcoast Research started coverage on Viking in a research report on Friday. They issued a "buy" rating and a $51.00 target price on the stock. Finally, BNP Paribas began coverage on Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Stock Up 0.5 %

Shares of VIK stock traded up $0.22 during trading hours on Friday, reaching $40.50. The company's stock had a trading volume of 933,174 shares, compared to its average volume of 2,529,848. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The firm's 50 day simple moving average is $41.79 and its 200-day simple moving average is $43.88. The company has a market capitalization of $17.47 billion and a price-to-earnings ratio of 155.77.

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, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during 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. Sell-side analysts predict that Viking will post 1.49 earnings per share for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently added to or reduced their stakes in the stock. Lisanti Capital Growth LLC increased its holdings in shares of Viking by 40.8% during the first quarter. Lisanti Capital Growth LLC now owns 33,320 shares of the company's stock worth $1,324,000 after buying an additional 9,650 shares in the last quarter. Westend Capital Management LLC grew its holdings in shares of Viking by 1.9% during the first quarter. Westend Capital Management LLC now owns 270,964 shares of the company's stock worth $10,771,000 after purchasing an additional 5,115 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of Viking by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after buying an additional 1,650 shares during the period. Harbour Capital Advisors LLC raised its holdings in Viking by 20.1% in the 1st quarter. Harbour Capital Advisors LLC now owns 15,570 shares of the company's stock valued at $597,000 after buying an additional 2,610 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Viking by 81.0% during the 1st quarter. SG Americas Securities LLC now owns 638,262 shares of the company's stock worth $25,371,000 after buying an additional 285,603 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.