Baldwin Investment Management LLC boosted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK – Free Report) by 19.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,455 shares of the company’s stock after buying an additional 4,340 shares during the quarter. Baldwin Investment Management LLC’s holdings in Viking were worth $1,052,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of Viking by 15.6% in the first quarter. LPL Financial LLC now owns 50,739 shares of the company’s stock valued at $2,017,000 after purchasing an additional 6,841 shares during the last quarter. TD Asset Management Inc grew its position in shares of Viking by 5.8% in the first quarter. TD Asset Management Inc now owns 701,026 shares of the company’s stock valued at $27,866,000 after purchasing an additional 38,200 shares during the last quarter. Nvwm LLC acquired a new stake in shares of Viking in the first quarter valued at about $861,000. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Viking in the first quarter valued at about $1,111,000. Finally, Carnegie Investment Counsel grew its position in shares of Viking by 12.8% in the first quarter. Carnegie Investment Counsel now owns 37,455 shares of the company’s stock valued at $1,489,000 after purchasing an additional 4,250 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VIK has been the topic of several research analyst reports. Stifel Nicolaus set a $50.00 price target on Viking and gave the company a “buy” rating in a research report on Wednesday, May 21st. Melius Research set a $51.00 price target on Viking in a research report on Monday, April 21st. Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They issued a “buy” rating and a $51.00 price target on the stock. Citigroup raised their price target on Viking from $57.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Viking in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.
Viking Stock Up 0.9%
VIK stock opened at $58.29 on Monday. Viking Holdings Ltd. has a twelve month low of $30.56 and a twelve month high of $58.70. The company has a market cap of $25.83 billion, a PE ratio of 47.39, a price-to-earnings-growth ratio of 0.68 and a beta of 2.38. The business’s 50-day simple moving average is $50.96 and its 200 day simple moving average is $46.65.
Viking (NYSE:VIK – Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million during the quarter, compared to analysts’ expectations of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.21) earnings per share. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.
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.
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