Holocene Advisors LP Decreases Stake in Viking Holdings Ltd. $VIK

Holocene Advisors LP lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 19.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,613,633 shares of the company’s stock after selling 1,092,794 shares during the quarter. Holocene Advisors LP’s holdings in Viking were worth $286,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. Focus Partners Wealth bought a new position in shares of Viking in the third quarter valued at approximately $4,644,000. Fortress Investment Group LLC bought a new stake in Viking during the third quarter worth $7,791,000. Cinctive Capital Management LP bought a new stake in Viking during the third quarter worth $1,717,000. Bridgefront Capital LLC purchased a new position in Viking in the third quarter worth $369,000. Finally, California Public Employees Retirement System purchased a new position in Viking in the third quarter worth $17,131,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VIK shares. Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Wells Fargo & Company increased their price target on shares of Viking from $77.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Morgan Stanley raised their price objective on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and an average target price of $72.67.

Viking Stock Performance

NYSE:VIK opened at $68.28 on Monday. The company has a market capitalization of $30.43 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.26 and a beta of 1.96. The business has a fifty day simple moving average of $73.45 and a two-hundred day simple moving average of $67.17. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $81.48.

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

More Viking News

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 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.