Short Interest in Viking Holdings Ltd (NYSE:VIK) Decreases By 49.5%

Viking Holdings Ltd (NYSE:VIK) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 1,620,000 shares, a decline of 49.5% from the September 30th total of 3,210,000 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,810,000 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley lifted their price target on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. 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. Finally, Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Performance

NYSE VIK traded down $0.05 during trading on Friday, hitting $38.75. The stock had a trading volume of 1,113,499 shares, compared to its average volume of 1,863,612. The company has a 50-day moving average price of $35.34. Viking has a 12 month low of $25.71 and a 12 month high of $39.70.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, equities research analysts forecast that Viking will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Viking

Several large investors have recently made changes to their positions in the stock. Empirical Asset Management LLC boosted its holdings in shares of Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after buying an additional 550 shares during the last quarter. Fruth Investment Management increased its position in shares of Viking by 1.4% in the third quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after purchasing an additional 1,000 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Viking in the second quarter worth $35,000. Sunbelt Securities Inc. bought a new position in Viking in the second quarter valued at about $68,000. Finally, American National Bank bought a new position in Viking in the second quarter valued at about $68,000.

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.