Tabor Asset Management LP Buys 16,706 Shares of Viking Holdings Ltd. $VIK

Tabor Asset Management LP increased its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 22.1% in the 2nd quarter, Holdings Channel reports. The firm owned 92,361 shares of the company’s stock after buying an additional 16,706 shares during the period. Viking accounts for approximately 3.4% of Tabor Asset Management LP’s holdings, making the stock its 13th biggest position. Tabor Asset Management LP’s holdings in Viking were worth $4,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. bought a new stake in Viking in the 2nd quarter worth approximately $27,000. Private Trust Co. NA bought a new position in shares of Viking during the 2nd quarter valued at $29,000. Costello Asset Management INC purchased a new position in shares of Viking in the 1st quarter worth $33,000. Harbour Investments Inc. grew 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 worth $51,000 after acquiring an additional 346 shares during the period. Finally, NewEdge Advisors LLC increased its position in Viking by 92.0% during the first 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 last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VIK. Truist Financial raised their target price on Viking from $55.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, September 19th. Barclays upped their price target on shares of Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Citigroup raised their price objective on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Mizuho initiated coverage on shares of Viking in a research report on Friday, October 10th. They set an “underperform” rating and a $54.00 target price for the company. Finally, Morgan Stanley increased their price target on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.93.

Viking Price Performance

NYSE VIK opened at $58.26 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. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $65.37. The stock has a market cap of $25.82 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 0.67 and a beta of 2.20. The company’s 50 day moving average is $60.96 and its two-hundred day moving average is $54.84.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share 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 negative return on equity of 374.71% and a net margin of 13.99%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. As a group, research analysts anticipate that Viking Holdings Ltd. 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.