Man Group plc Purchases 444,137 Shares of Viking Holdings Ltd (NYSE:VIK)

Man Group plc boosted its position in shares of Viking Holdings Ltd (NYSE:VIK) by 2,193.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 464,389 shares of the company’s stock after buying an additional 444,137 shares during the period. Man Group plc owned approximately 0.11% of Viking worth $20,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares during the last quarter. Quarry LP bought a new stake in shares of Viking in the 4th quarter valued at approximately $66,000. Golden State Wealth Management LLC bought a new stake in shares of Viking in the 4th quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new stake in shares of Viking in the 4th quarter valued at approximately $119,000. Finally, Rhumbline Advisers bought a new stake in shares of Viking in the 4th quarter valued at approximately $130,000. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BNP Paribas assumed coverage on Viking in a research note on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price objective for the company. Truist Financial raised their price objective on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Barclays reduced their price target on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Northcoast Research assumed coverage on Viking in a report on Friday, April 25th. They issued a “buy” rating and a $51.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Stock Up 4.7%

VIK opened at $48.37 on Friday. The stock’s fifty day moving average is $40.80 and its two-hundred day moving average is $44.40. The company has a market capitalization of $20.87 billion and a P/E ratio of 186.05. Viking Holdings Ltd has a 52 week low of $28.05 and a 52 week high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Equities analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.