Pallas Capital Advisors LLC Buys New Position in Viking Holdings Ltd. $VIK

Pallas Capital Advisors LLC purchased a new position in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,121 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors have also recently made changes to their positions in VIK. Invesco Ltd. lifted its holdings in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares during the last quarter. Federated Hermes Inc. grew its position in Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after acquiring an additional 6,715,666 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after acquiring an additional 3,615,969 shares in the last quarter. Holocene Advisors LP increased its stake in Viking by 57.9% in the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after acquiring an additional 2,092,729 shares during the last quarter. Finally, Norges Bank purchased a new stake in Viking during the second quarter valued at about $236,911,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

NYSE VIK opened at $68.43 on Tuesday. The company has a 50-day simple moving average of $73.31 and a two-hundred day simple moving average of $67.77. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48. The firm has a market cap of $30.50 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.26 and a beta of 1.96.

Viking (NYSE:VIK) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm had revenue of $1.72 billion for the quarter. On average, equities analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VIK shares. Truist Financial lifted their price target on Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group upgraded Viking from a “neutral” rating to a “buy” rating and increased their price objective for the company from $66.00 to $78.00 in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Bank of America boosted their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus upped their target price on Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.21.

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.