Pinnbrook Capital Management LP Lowers Stake in Viking Holdings Ltd. $VIK

Pinnbrook Capital Management LP reduced its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 38.3% during the 4th quarter, HoldingsChannel reports. The fund owned 49,450 shares of the company’s stock after selling 30,676 shares during the period. Pinnbrook Capital Management LP’s holdings in Viking were worth $3,531,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management boosted its stake in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Viking in the 3rd quarter valued at about $26,000. Finally, GAMMA Investing LLC lifted its stake in Viking by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $39,000 after buying an additional 334 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VIK. Stifel Nicolaus set a $105.00 price target on shares of Viking in a research note on Friday, May 15th. Truist Financial raised their price target on shares of Viking from $61.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $79.00 to $109.00 in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.71.

Viking Stock Up 0.7%

Shares of NYSE VIK opened at $83.68 on Friday. The company has a 50 day simple moving average of $77.81 and a 200-day simple moving average of $72.79. The company has a market capitalization of $37.29 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.77. Viking Holdings Ltd. has a 1 year low of $42.20 and a 1 year high of $92.00.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) EPS. On average, equities research analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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.