Pinnbrook Capital Management LP Sells 30,676 Shares of Viking Holdings Ltd. $VIK

Pinnbrook Capital Management LP lessened its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 38.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,450 shares of the company’s stock after selling 30,676 shares during the period. Pinnbrook Capital Management LP’s holdings in Viking were worth $3,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VIK. Y Intercept Hong Kong Ltd purchased a new stake in Viking during the third quarter worth $989,000. Prosperity Financial Group Inc. purchased a new stake in Viking during the fourth quarter worth $1,114,000. World Investment Advisors purchased a new stake in Viking during the fourth quarter worth $1,151,000. Lecap Asset Management Ltd. purchased a new stake in Viking during the fourth quarter worth $567,000. Finally, Stephens Investment Management Group LLC lifted its holdings in Viking by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after buying an additional 269,274 shares during the period. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

NYSE:VIK opened at $83.68 on Friday. Viking Holdings Ltd. has a one year low of $42.20 and a one year high of $92.00. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.77 and a current ratio of 0.78. The firm has a market cap of $37.29 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 1.20 and a beta of 1.57. The firm’s fifty day moving average is $77.81 and its two-hundred day moving average is $72.79.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Research analysts expect that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VIK. The Goldman Sachs Group upped their target price on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. upped their price target on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. UBS Group upped their price target on Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Finally, Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $79.00 to $109.00 in a research report on Monday. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.71.

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.