Short Interest in Viking Holdings Ltd (NYSE:VIK) Decreases By 16.6%

Viking Holdings Ltd (NYSE:VIK - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,390,000 shares, a decrease of 16.6% from the March 15th total of 7,660,000 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 3,480,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Viking in the fourth quarter worth $245,038,000. Select Equity Group L.P. increased its position 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 worth $761,353,000 after purchasing an additional 3,658,225 shares during the last quarter. Capital Research Global Investors increased its position in Viking by 26.0% in 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 during the last quarter. Two Sigma Advisers LP raised its stake in shares of Viking by 4,840.2% during the 4th 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 in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after buying an additional 2,270,075 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VIK. Barclays reduced their price target on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price on the stock. Redburn Atlantic raised shares of Viking to a "hold" rating in a research note on Tuesday, April 1st. Morgan Stanley dropped their target price on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Finally, Jefferies Financial Group started coverage on Viking in a research note on Monday, March 31st. They set a "hold" rating and a $45.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.82.

Viking Stock Up 4.5 %

Shares of Viking stock traded up $1.72 during midday trading on Wednesday, hitting $39.72. The company's stock had a trading volume of 5,194,539 shares, compared to its average volume of 2,538,235. Viking has a 1-year low of $25.71 and a 1-year high of $53.14. The firm has a market capitalization of $17.14 billion and a P/E ratio of 152.77. The stock has a 50-day simple moving average of $42.23 and a 200-day simple moving average of $43.83.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The business's revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Viking will post 1.49 earnings per share for the current 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.