Diametric Capital LP Decreases Stock Position in Viking Holdings Ltd (NYSE:VIK)

Diametric Capital LP reduced its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 33.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,702 shares of the company's stock after selling 8,846 shares during the quarter. Diametric Capital LP's holdings in Viking were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VIK. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares during the period. CIBC Asset Management Inc boosted its stake in Viking by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock worth $408,000 after buying an additional 491 shares during the period. Merit Financial Group LLC increased its position in Viking by 3.5% during the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after acquiring an additional 700 shares during the last quarter. Simon Quick Advisors LLC increased its position in Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Viking by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,234 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on VIK shares. UBS Group lifted their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Barclays set a $46.00 target price on Viking and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Citigroup started coverage on Viking in a research note on Thursday, December 19th. They set a "buy" rating and a $54.00 price target for the company. Finally, BNP Paribas began coverage on Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price objective on the stock. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.29.

Viking Stock Up 3.7 %

Viking stock traded up $1.51 during mid-day trading on Wednesday, reaching $42.00. 3,081,903 shares of the company's stock were exchanged, compared to its average volume of 2,475,174. The company has a fifty day moving average of $46.42 and a 200-day moving average of $43.48. The company has a market cap of $18.12 billion and a P/E ratio of 161.54. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The company's quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.