Cinctive Capital Management LP Takes Position in Viking Holdings Ltd. $VIK

Cinctive Capital Management LP purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,620 shares of the company’s stock, valued at approximately $1,717,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the 3rd quarter valued at about $26,000. CI Investments Inc. grew its holdings in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. TFC Financial Management Inc. bought a new position in shares of Viking in the third quarter valued at approximately $44,000. Sentry Investment Management LLC purchased a new stake in shares of Viking during the third quarter valued at approximately $44,000. Finally, Park Place Capital Corp bought a new stake in Viking during the third quarter worth $58,000. 98.84% of the stock is owned by institutional investors.

Viking Stock Performance

NYSE:VIK opened at $71.25 on Tuesday. The company has a market capitalization of $31.76 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.26 and a beta of 1.96. The business has a fifty day simple moving average of $73.43 and a two-hundred day simple moving average of $67.23. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $81.48.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

VIK has been the topic of several research analyst reports. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research report on Tuesday, December 9th. Bank of America lifted their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Finally, Citigroup raised their price objective on shares of Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

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.