Carnegie Investment Counsel Purchases 1,650 Shares of Viking Holdings Ltd. $VIK

Carnegie Investment Counsel raised its position in Viking Holdings Ltd. (NYSE:VIK) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,105 shares of the company’s stock after buying an additional 1,650 shares during the quarter. Carnegie Investment Counsel’s holdings in Viking were worth $2,084,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its stake in shares of Viking by 2.4% in the second quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock valued at $633,000 after buying an additional 274 shares during the period. Cerity Partners LLC raised its stake in shares of Viking by 1.7% in the first quarter. Cerity Partners LLC now owns 19,105 shares of the company’s stock valued at $759,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its stake in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after buying an additional 346 shares during the period. Commerce Bank raised its stake in shares of Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company’s stock valued at $355,000 after buying an additional 399 shares during the period. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Viking during the 2nd quarter valued at $27,000. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

Viking stock opened at $60.35 on Friday. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $65.37. The business has a 50-day simple moving average of $61.33 and a 200 day simple moving average of $53.52. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The stock has a market cap of $26.74 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 0.71 and a beta of 2.24.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, August 19th. The company reported $0.99 EPS 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 business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Viking’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VIK shares. Morgan Stanley boosted their price objective on Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Truist Financial boosted their price objective on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, September 19th. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Bank of America boosted their price objective on Viking from $51.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, UBS Group boosted their price objective on Viking from $55.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.93.

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.