Alcosta Capital Management Inc. Acquires Shares of 46,518 Viking Holdings Ltd. $VIK

Alcosta Capital Management Inc. bought a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 46,518 shares of the company’s stock, valued at approximately $3,322,000. Viking comprises approximately 2.1% of Alcosta Capital Management Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIK. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the third quarter worth $26,000. Activest Wealth Management grew its stake in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Viking in the fourth quarter worth $28,000. Cornerstone Planning Group LLC grew its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $79.00 to $109.00 in a research note on Monday, May 18th. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $105.00 target price on Viking in a research note on Friday, May 15th. UBS Group reissued a “buy” rating and issued a $100.00 target price on shares of Viking in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group increased their target price on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.38.

Viking Price Performance

Shares of VIK stock opened at $92.04 on Friday. Viking Holdings Ltd. has a 52-week low of $46.06 and a 52-week high of $94.99. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The firm has a market capitalization of $41.02 billion, a P/E ratio of 34.22, a P/E/G ratio of 1.35 and a beta of 1.59. The stock has a 50 day moving average price of $83.71 and a 200 day moving average price of $76.08.

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

About Viking

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.