HMS Capital Management LLC Purchases New Shares in Viking Holdings Ltd. $VIK

HMS Capital Management LLC purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,824 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently added to or reduced their stakes in VIK. Costello Asset Management INC acquired a new stake in Viking in the 1st quarter valued at $33,000. Harbour Investments Inc. grew its stake in Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after acquiring an additional 346 shares during the period. NewEdge Advisors LLC grew its stake in Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the period. Orion Capital Management LLC acquired a new stake in Viking during the 4th quarter worth $110,000. Finally, Golden State Wealth Management LLC boosted its stake in Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company’s stock worth $131,000 after purchasing an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Barclays lifted their target price on shares of Viking from $55.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Jefferies Financial Group lifted their target price on shares of Viking from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, July 7th. Morgan Stanley lifted their target price on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Viking from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.93.

Viking Trading Down 3.1%

Shares of VIK stock opened at $63.33 on Friday. The company’s 50-day moving average price is $59.54 and its 200-day moving average price is $49.43. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 0.77 and a beta of 2.40. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $65.37.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.