River Street Advisors LLC Buys Shares of 15,998 Viking Holdings Ltd. $VIK

River Street Advisors LLC purchased a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 15,998 shares of the company’s stock, valued at approximately $853,000.

Several other institutional investors have also modified their holdings of the business. Costello Asset Management INC bought a new stake in Viking during the 1st quarter worth approximately $33,000. Harbour Investments Inc. boosted its holdings in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after buying an additional 346 shares during the period. NewEdge Advisors LLC increased its position in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Viking by 4,400.0% during the second quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company’s stock worth $120,000 after acquiring an additional 2,200 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in Viking by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company’s stock valued at $131,000 after acquiring an additional 1,650 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of VIK opened at $61.08 on Friday. 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 company’s fifty day simple moving average is $60.77 and its 200 day simple moving average is $51.08. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $65.37. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 0.71 and a beta of 2.25.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. On average, research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group increased their target price on Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Jefferies Financial Group increased their price objective on Viking from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Morgan Stanley boosted their target price on Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Bank of America upped their price target on Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.21.

Viking 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.