Viking Holdings Ltd. (NYSE:VIK) Sees Large Growth in Short Interest

Viking Holdings Ltd. (NYSE:VIK) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 6,377,773 shares, an increase of 27.8% from the February 26th total of 4,991,988 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,450,119 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VIK shares. Truist Financial boosted their target price on shares of Viking from $61.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, March 24th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Monday, December 15th. Wells Fargo & Company decreased their price objective on Viking from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Barclays increased their price objective on Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 4th. Finally, Bank of America raised their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viking has an average rating of “Moderate Buy” and a consensus target price of $75.21.

Viking Trading Down 0.0%

Shares of VIK stock opened at $68.57 on Monday. The company has a market capitalization of $30.56 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. Viking has a 52-week low of $31.79 and a 52-week high of $81.48. The business’s fifty day moving average is $73.33 and its 200 day moving average is $67.75. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79.

Viking (NYSE:VIK) last posted its earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion during the quarter. On average, equities research analysts anticipate that Viking will post 1.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

Several hedge funds have recently bought and sold shares of the stock. Optimize Financial Inc raised its position in shares of Viking by 1.4% during the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after buying an additional 136 shares in the last quarter. S.A. Mason LLC lifted its holdings in shares of Viking by 7.5% during the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock worth $154,000 after acquiring an additional 150 shares during the last quarter. Park Avenue Securities LLC grew its position in Viking by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after acquiring an additional 177 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Viking by 3.3% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock valued at $413,000 after acquiring an additional 187 shares during the last quarter. Finally, CI Investments Inc. increased its stake in Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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.