Captrust Financial Advisors Takes Position in Viking Holdings Ltd (NYSE:VIK)

Captrust Financial Advisors acquired a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,676 shares of the company’s stock, valued at approximately $1,792,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new stake in Viking during the 4th quarter valued at approximately $567,000. Blue Chip Partners LLC purchased a new stake in Viking during the 4th quarter valued at approximately $279,000. Renaissance Capital LLC raised its stake in Viking by 8.5% during the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after acquiring an additional 9,527 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Viking during the 4th quarter valued at approximately $339,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

VIK opened at $45.53 on Tuesday. The stock has a market cap of $19.65 billion and a P/E ratio of 175.13. The stock’s 50 day simple moving average is $40.49 and its 200 day simple moving average is $44.26. Viking Holdings Ltd has a 1-year low of $27.60 and a 1-year high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business’s quarterly revenue was up 20.5% on a year-over-year basis. Research analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

VIK has been the subject of several analyst reports. Melius Research set a $51.00 price objective on Viking in a research note on Monday, April 21st. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They set a “hold” rating and a $45.00 price objective for the company. Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They set a “buy” rating and a $51.00 target price on the stock. Redburn Atlantic upgraded Viking to a “hold” rating in a research report on Tuesday, April 1st. Finally, BNP Paribas initiated coverage on Viking in a research report on Thursday, March 27th. They set an “outperform” rating and a $47.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus target price of $46.89.

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.