Renaissance Technologies LLC Cuts Position in Viking Holdings Ltd. $VIK

Renaissance Technologies LLC trimmed its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 1.7% during the first quarter, Holdings Channel reports. The firm owned 759,204 shares of the company’s stock after selling 13,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Viking were worth $55,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Viking in the 4th quarter valued at $372,297,000. Invesco Ltd. boosted its holdings in Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares during the period. AQR Capital Management LLC boosted its holdings in Viking by 316.8% during the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after acquiring an additional 3,364,265 shares during the period. State Street Corp grew its position in Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after acquiring an additional 1,806,920 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Viking in the 4th quarter valued at about $113,364,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on VIK. Stifel Nicolaus set a $105.00 price target on shares of Viking in a research note on Friday, May 15th. BMO Capital Markets assumed coverage on shares of Viking in a report on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price objective for the company. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Barclays upped their target price on shares of Viking from $88.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.39.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Viking Price Performance

VIK stock opened at $100.87 on Monday. The business’s 50-day moving average is $95.18 and its two-hundred day moving average is $82.43. 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 firm has a market capitalization of $44.96 billion, a P/E ratio of 37.50, a P/E/G ratio of 1.16 and a beta of 1.48. Viking Holdings Ltd. has a 1 year low of $55.55 and a 1 year high of $105.76.

Viking (NYSE:VIK) last announced its quarterly earnings data 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 business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts anticipate that Viking Holdings Ltd. will post 3.32 earnings per share for the current fiscal year.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares in the company, valued at $10,868,092.50. The trade was a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 17,566 shares of company stock valued at $1,640,166 in the last ninety days.

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.