North Dakota State Investment Board Takes Position in Viking Holdings Ltd. $VIK

North Dakota State Investment Board acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,137 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors have also bought and sold shares of the company. Hiddenite Capital Partners LP purchased a new position in Viking in the fourth quarter valued at approximately $3,213,000. Beese Fulmer Investment Management Inc. purchased a new position in Viking in the fourth quarter valued at approximately $258,000. Stephens Investment Management Group LLC lifted its stake in Viking by 39.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock valued at $68,278,000 after purchasing an additional 269,274 shares during the last quarter. Qsemble Capital Management LP purchased a new position in Viking in the fourth quarter valued at approximately $4,220,000. Finally, Stephens Inc. AR purchased a new position in Viking in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VIK. Susquehanna upped their price objective on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. The Goldman Sachs Group upped their price objective on Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Mizuho upped their price objective on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Finally, Stifel Nicolaus set a $105.00 price objective on Viking in a research note on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average target price of $92.64.

Insider Activity

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Viking Trading Up 0.5%

NYSE:VIK opened at $84.31 on Friday. The company has a market cap of $37.57 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.21 and a beta of 1.57. The stock’s fifty day moving average price is $78.04 and its two-hundred day moving average price is $72.87. Viking Holdings Ltd. has a 1 year low of $42.20 and a 1 year high of $92.00. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.77.

Viking (NYSE:VIK) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.24) earnings per share. As a group, analysts expect that Viking Holdings Ltd. will post 3.28 EPS 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.