Knights of Columbus Asset Advisors LLC Boosts Stake in Viking Holdings Ltd. $VIK

Knights of Columbus Asset Advisors LLC grew its holdings in Viking Holdings Ltd. (NYSE:VIK) by 51.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 42,404 shares of the company’s stock after buying an additional 14,450 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Viking were worth $2,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. River Street Advisors LLC acquired a new position in Viking in the second quarter valued at about $853,000. OLD Second National Bank of Aurora purchased a new stake in shares of Viking in the 2nd quarter valued at approximately $2,527,000. Truist Financial Corp acquired a new position in shares of Viking in the 2nd quarter worth approximately $215,000. Renaissance Capital LLC boosted its position in shares of Viking by 28.5% during the 2nd quarter. Renaissance Capital LLC now owns 158,875 shares of the company’s stock worth $8,466,000 after purchasing an additional 35,246 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Viking in the 2nd quarter valued at approximately $3,363,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIK. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research note on Saturday, September 27th. Barclays raised their price target on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday. Truist Financial raised their price target on Viking from $55.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, September 19th. UBS Group raised their price target on Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley raised their price target on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.29.

Viking Stock Down 0.9%

Shares of NYSE VIK opened at $59.80 on Tuesday. The stock has a market cap of $26.50 billion, a P/E ratio of 32.32, a PEG ratio of 0.71 and a beta of 2.24. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $65.37. The business’s fifty day simple moving average is $60.83 and its 200-day simple moving average is $51.52.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, equities analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.