Westover Capital Advisors LLC Makes New Investment in Viking Holdings Ltd. $VIK

Westover Capital Advisors LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors have also modified their holdings of the company. US Bancorp DE grew its stake in shares of Viking by 43.2% during the second quarter. US Bancorp DE now owns 15,017 shares of the company’s stock worth $800,000 after purchasing an additional 4,529 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Viking by 1,063.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock worth $15,597,000 after buying an additional 267,521 shares during the last quarter. HMS Capital Management LLC acquired a new position in shares of Viking during the 2nd quarter worth about $257,000. Maryland State Retirement & Pension System purchased a new position in shares of Viking in the 2nd quarter valued at about $526,000. Finally, Deutsche Bank AG acquired a new stake in shares of Viking during the 1st quarter worth about $261,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIK has been the subject of several recent analyst reports. Barclays boosted their target price on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Mizuho began coverage on Viking in a report on Friday, October 10th. They set an “underperform” rating and a $54.00 price objective on the stock. Truist Financial lifted their target price on Viking from $55.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, September 19th. Stifel Nicolaus boosted their target price on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Bank of America raised their price target on Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Viking currently has a consensus rating of “Hold” and a consensus target price of $58.75.

Viking Price Performance

Shares of NYSE VIK opened at $58.20 on Wednesday. The stock has a fifty day moving average price of $60.42 and a 200 day moving average price of $55.96. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $65.37. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The company has a market cap of $25.79 billion, a PE ratio of 31.46, a P/E/G ratio of 0.67 and a beta of 2.20.

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

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.