Magnetar Financial LLC Makes New Investment in Viking Holdings Ltd (NYSE:VIK)

Magnetar Financial LLC purchased a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,866 shares of the company's stock, valued at approximately $347,000.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC acquired a new stake in Viking during the third quarter worth $27,000. Commerce Bank purchased a new stake in Viking in the 3rd quarter valued at about $276,000. Massachusetts Financial Services Co. MA lifted its position in Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company's stock valued at $102,993,000 after buying an additional 793,795 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new position in Viking during the third quarter worth about $1,269,000. Finally, Cerity Partners LLC acquired a new stake in shares of Viking during the third quarter valued at about $882,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of 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 report on Thursday, December 19th. They set a "buy" rating and a $54.00 price target for the company. Morgan Stanley cut their price objective on Viking from $53.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday. The Goldman Sachs Group started coverage on Viking in a report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 target price for the company. Finally, UBS Group raised their price target on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.33.

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Viking Trading Down 0.2 %

VIK stock traded down $0.09 on Tuesday, hitting $41.33. The company's stock had a trading volume of 1,236,773 shares, compared to its average volume of 2,427,665. The stock has a market cap of $17.83 billion and a price-to-earnings ratio of 159.10. The firm has a 50 day moving average of $47.19 and a two-hundred day moving average of $43.13. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14.

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