Fortress Investment Group LLC Invests $7.79 Million in Viking Holdings Ltd. $VIK

Fortress Investment Group LLC bought a new position in Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125,344 shares of the company’s stock, valued at approximately $7,791,000. Viking comprises about 1.0% of Fortress Investment Group LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the 3rd quarter worth approximately $26,000. CI Investments Inc. grew its position in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. TFC Financial Management Inc. purchased a new position in shares of Viking during the third quarter valued at approximately $44,000. Sentry Investment Management LLC purchased a new position in shares of Viking during the third quarter valued at approximately $44,000. Finally, Park Place Capital Corp bought a new position in shares of Viking during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on VIK shares. JPMorgan Chase & Co. raised their price target on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Barclays raised their target price on shares of Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. UBS Group lifted their target price on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Citigroup boosted their price target on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.67.

Viking News Roundup

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking took delivery of a new river ship, the Viking Eldir, expanding capacity on Rhine/Main/Danube itineraries. Fleet growth supports revenue and itinerary availability for the key river-cruise segment. Viking Takes Delivery of Newest River Ship in Europe
• Positive Sentiment: UBS raised its price target on VIK to $83.00 — analyst upgrades/target lifts can directly improve investor sentiment and buying interest. Viking (NYSE:VIK) Price Target Raised to $83.00 at UBS Group
• Neutral Sentiment: A press piece highlights a VGS portfolio move that “supercharges” Viking SupplyNet with premium piping connections. It’s unclear how directly this affects Viking Holdings’ core cruise/tour operations or near-term earnings, so any impact is uncertain. VGS Portfolio Supercharges Viking SupplyNet’s Unique, Vertically Integrated Model with Premium Piping Connections
• Neutral Sentiment: Several media items reference the word “Viking” (sports, history, lifestyle, or other companies like Viking Therapeutics). These are brand/name noise and not related to Viking Holdings’ fundamentals. Investors should ignore those when evaluating VIK. Example: NFL coverage about the Minnesota Vikings (not the company). Kyler Murray signs with Vikings: Minnesota earns A+ for landing former No. 1 pick after Cardinals release
• Negative Sentiment: Financial/valuation headwinds remain: VIK carries high leverage (debt-to-equity ~4.76) and short-term liquidity ratios below 1.0, which can amplify downside during demand slowdowns or cost pressures. These factors temper upside despite positive operational/analyst news.

Viking Price Performance

Shares of VIK stock opened at $68.28 on Monday. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.26 and a beta of 1.96. The business’s fifty day moving average is $73.45 and its 200 day moving average is $67.17. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $81.48. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.