Primecap Management Co. CA Purchases 170,273 Shares of Viking Holdings Ltd. $VIK

Primecap Management Co. CA increased its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 22.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 934,073 shares of the company’s stock after buying an additional 170,273 shares during the quarter. Primecap Management Co. CA’s holdings in Viking were worth $49,777,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Westover Capital Advisors LLC acquired a new stake in shares of Viking in the second quarter valued at approximately $240,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Viking in the second quarter valued at $3,184,000. Pinnbrook Capital Management LP bought a new position in Viking in the second quarter valued at $2,516,000. Massachusetts Financial Services Co. MA increased its stake in Viking by 69.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock valued at $239,902,000 after buying an additional 1,843,533 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Viking during the 2nd quarter worth about $1,636,000. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of VIK opened at $61.33 on Thursday. The company’s 50-day moving average is $60.39 and its 200-day moving average is $56.00. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The firm has a market capitalization of $27.18 billion, a PE ratio of 33.15, a PEG ratio of 0.68 and a beta of 2.20. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $65.37.

Viking (NYSE:VIK) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $0.89 EPS. Viking’s quarterly revenue was up 19.1% on a year-over-year basis. Equities analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent research reports. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Wells Fargo & Company began coverage on Viking in a research report on Tuesday. They set an “equal weight” rating and a $56.00 price target on the stock. Mizuho initiated coverage on Viking in a report on Friday, October 10th. They issued an “underperform” rating and a $54.00 price objective for the company. Truist Financial raised their target price on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, September 19th. Finally, Stifel Nicolaus upped their price target on shares of Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.75.

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.