4,500 Shares in Viking Holdings Ltd. $VIK Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC acquired a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 4,500 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VIK. Select Equity Group L.P. boosted its position in shares of Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after purchasing an additional 1,376,899 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Viking by 6.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock valued at $350,922,000 after purchasing an additional 528,843 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Viking by 69.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after buying an additional 1,843,533 shares in the last quarter. Invesco Ltd. boosted its holdings in Viking by 57.8% during the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock worth $84,038,000 after buying an additional 774,265 shares in the last quarter. Finally, Sculptor Capital LP grew its position in Viking by 503.9% during the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company’s stock worth $54,736,000 after buying an additional 1,149,000 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VIK shares. Morgan Stanley lifted their price target on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wells Fargo & Company started coverage on Viking in a research report on Tuesday. They set an “equal weight” rating and a $56.00 target price on the stock. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Truist Financial raised their price target on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, September 19th. Finally, Barclays lifted their price target on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $58.75.

Viking Price Performance

VIK stock opened at $58.20 on Wednesday. The stock’s 50 day moving average price is $60.42 and its 200 day moving average price is $55.96. The firm has a market cap of $25.79 billion, a P/E ratio of 31.46, a PEG ratio of 0.67 and a beta of 2.20. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $65.37.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share 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.