Twin Tree Management LP Acquires 9,606 Shares of Viking Holdings Ltd. $VIK

Twin Tree Management LP lifted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 84.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,031 shares of the company’s stock after purchasing an additional 9,606 shares during the period. Twin Tree Management LP’s holdings in Viking were worth $1,502,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prosperity Financial Group Inc. bought a new position in shares of Viking during the fourth quarter worth about $1,114,000. Hiddenite Capital Partners LP bought a new position in shares of Viking during the fourth quarter worth about $3,213,000. Stephens Investment Management Group LLC grew its holdings in shares of Viking by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after buying an additional 269,274 shares in the last quarter. World Investment Advisors bought a new position in shares of Viking during the fourth quarter worth about $1,151,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Viking during the fourth quarter worth about $567,000. Institutional investors own 98.84% of the company’s stock.

Insider Activity at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the business’s 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. The trade was a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of research analysts have weighed in on VIK shares. Morgan Stanley restated an “equal weight” rating and issued a $86.00 price target (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on Viking in a research note on Friday, May 15th. Barclays lifted their target price on Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Mizuho lifted their target price on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Finally, Loop Capital started coverage on Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

Viking Price Performance

Shares of NYSE VIK opened at $88.94 on Tuesday. The stock has a market capitalization of $39.64 billion, a PE ratio of 33.06, a P/E/G ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The business has a fifty day moving average price of $82.17 and a two-hundred day moving average price of $75.37. Viking Holdings Ltd. has a fifty-two week low of $46.06 and a fifty-two week high of $93.70.

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