Boothbay Fund Management LLC Has $10.46 Million Stake in Viking Holdings Ltd (NYSE:VIK)

Boothbay Fund Management LLC raised its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 54.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,395 shares of the company's stock after buying an additional 83,761 shares during the period. Boothbay Fund Management LLC owned 0.06% of Viking worth $10,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after acquiring an additional 285 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Viking during the fourth quarter valued at about $73,000. New York State Common Retirement Fund acquired a new stake in shares of Viking during the fourth quarter valued at about $119,000. Rhumbline Advisers bought a new stake in shares of Viking during the fourth quarter worth about $130,000. Finally, Vestcor Inc acquired a new position in shares of Viking in the fourth quarter valued at approximately $141,000. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Shares of VIK stock traded up $0.95 during trading hours on Monday, hitting $41.50. 1,515,489 shares of the company were exchanged, compared to its average volume of 2,525,758. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The company has a 50 day simple moving average of $41.59 and a two-hundred day simple moving average of $43.99. The firm has a market cap of $17.91 billion and a P/E ratio of 159.62.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly 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 company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VIK shares. Loop Capital assumed coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective on the stock. Morgan Stanley lowered their target price on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. UBS Group upped their price target on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Finally, Barclays decreased their price target on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $46.89.

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.