Shellback Capital LP Sells 511,050 Shares of Viking Holdings Ltd (NYSE:VIK)

Shellback Capital LP reduced its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 65.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,950 shares of the company’s stock after selling 511,050 shares during the quarter. Shellback Capital LP’s holdings in Viking were worth $11,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its holdings in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after buying an additional 285 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock worth $408,000 after buying an additional 491 shares in the last quarter. Commerce Bank lifted its holdings in Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after buying an additional 625 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after buying an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its holdings in Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock worth $767,000 after buying an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VIK shares. Jefferies Financial Group started coverage on Viking in a report on Monday, March 31st. They set a “hold” rating and a $45.00 price objective on the stock. UBS Group lifted their target price on shares of Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. BNP Paribas initiated coverage on Viking in a research report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price target on the stock. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. 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, Viking presently has a consensus rating of “Moderate Buy” and an average target price of $46.89.

Viking Stock Performance

NYSE VIK opened at $46.19 on Friday. The stock has a market capitalization of $19.93 billion and a price-to-earnings ratio of 177.65. Viking Holdings Ltd has a 52 week low of $27.93 and a 52 week high of $53.14. The stock’s 50 day moving average price is $40.64 and its two-hundred day moving average price is $44.34.

Viking (NYSE:VIK) last announced its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current year.

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.