Voloridge Investment Management LLC Takes $59.23 Million Position in Viking Holdings Ltd (NYSE:VIK)

Voloridge Investment Management LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,344,202 shares of the company’s stock, valued at approximately $59,226,000. Voloridge Investment Management LLC owned about 0.31% of Viking as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Select Equity Group L.P. grew its holdings in Viking by 26.9% in the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after buying an additional 3,658,225 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after purchasing an additional 2,492,724 shares in the last quarter. Norges Bank acquired a new position in Viking in the fourth quarter valued at about $245,038,000. Two Sigma Investments LP lifted its position in Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock worth $105,092,000 after purchasing an additional 2,270,075 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Viking by 4,840.2% during the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after purchasing an additional 2,274,900 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the subject of several analyst reports. Jefferies Financial Group started coverage on shares of Viking in a research report on Monday, March 31st. They issued a “hold” rating and a $45.00 target price for the company. Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. Barclays dropped their price objective on Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Redburn Atlantic upgraded Viking to a “hold” rating in a research report on Tuesday, April 1st. Finally, Loop Capital began coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price for the company. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Stock Performance

VIK stock opened at $44.64 on Wednesday. The company has a fifty day moving average price of $41.04 and a 200-day moving average price of $44.52. The company has a market capitalization of $19.26 billion and a P/E ratio of 171.69. Viking Holdings Ltd has a 52-week low of $28.62 and a 52-week high of $53.14.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Viking’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the company earned ($1.21) earnings per share. As a group, sell-side analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.