Radnor Capital Management LLC Raises Holdings in Viking Holdings Ltd. $VIK

Radnor Capital Management LLC lifted its stake in Viking Holdings Ltd. (NYSE:VIK) by 7.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,430 shares of the company’s stock after buying an additional 1,850 shares during the quarter. Radnor Capital Management LLC’s holdings in Viking were worth $1,515,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Select Equity Group L.P. boosted its position in Viking by 8.0% during the first 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. Voloridge Investment Management LLC purchased a new position in Viking during the fourth quarter worth approximately $59,226,000. Sculptor Capital LP boosted 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 purchasing an additional 1,149,000 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Viking during the first quarter worth approximately $31,585,000. Finally, Invesco Ltd. boosted its position 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 purchasing an additional 774,265 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Price Performance

VIK stock opened at $61.61 on Wednesday. The business has a fifty day moving average of $59.81 and a two-hundred day moving average of $49.63. 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 $27.30 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $65.37.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.Viking’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. As a group, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Loop Capital reiterated a “buy” rating on shares of Viking in a research report on Wednesday, May 21st. UBS Group increased their price target on Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price target on Viking from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. Finally, Bank of America increased their target price on Viking from $51.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.93.

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.