Viking Holdings Ltd (NYSE:VIK) Shares Acquired by Renaissance Capital LLC

Renaissance Capital LLC lifted its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 68.9% in the third quarter, HoldingsChannel reports. The firm owned 112,020 shares of the company’s stock after acquiring an additional 45,714 shares during the period. Viking makes up about 2.6% of Renaissance Capital LLC’s portfolio, making the stock its 15th biggest holding. Renaissance Capital LLC’s holdings in Viking were worth $3,908,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC purchased a new position in Viking during the second quarter worth $2,226,000. Cascade Investment Group Inc. acquired a new position in Viking in the 2nd quarter valued at about $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Viking in the 2nd quarter valued at about $1,004,000. American National Bank acquired a new stake in shares of Viking during the 2nd quarter worth about $68,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Viking during the second quarter worth about $670,000.

Viking Stock Performance

Shares of VIK stock opened at $38.50 on Wednesday. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $38.68. The firm’s 50 day simple moving average is $34.52.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, equities research analysts anticipate that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on VIK. Bank of America upped their price objective on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. HSBC began coverage on Viking in a research note on Tuesday, June 25th. They set a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Company lifted their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Barclays assumed coverage on Viking in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.17.

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.