LMR Partners LLP Lowers Holdings in Viking Holdings Ltd (NYSE:VIK)

LMR Partners LLP cut its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 76.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,823 shares of the company's stock after selling 689,329 shares during the quarter. LMR Partners LLP's holdings in Viking were worth $7,460,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in Viking in the 2nd quarter valued at about $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking in the 2nd quarter valued at approximately $68,000. American National Bank acquired a new position in shares of Viking in the second quarter worth $68,000. SG Americas Securities LLC purchased a new stake in Viking in the 3rd quarter worth approximately $181,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in Viking during the third quarter worth about $204,000.

Analyst Ratings Changes

A number of research firms have recently commented on VIK. Stifel Nicolaus raised their price objective on Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday. Wells Fargo & Company increased their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. Bank of America lifted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised their target price on shares of Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Finally, Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $40.50.

Viking Stock Performance

Shares of NYSE VIK traded down $0.30 during trading hours on Tuesday, reaching $45.09. 3,758,158 shares of the stock traded hands, compared to its average volume of 1,889,687. The company's 50-day simple moving average is $38.02 and its two-hundred day simple moving average is $34.51. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $46.25.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts anticipate that Viking Holdings Ltd will post 1.12 EPS 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.