Diametric Capital LP Has $780,000 Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Diametric Capital LP trimmed its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,702 shares of the company’s stock after selling 8,846 shares during the quarter. Diametric Capital LP’s holdings in Viking were worth $780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Viking during the 4th quarter worth about $245,038,000. FMR LLC boosted its holdings in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after acquiring an additional 1,518,773 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Viking by 1,128.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company’s stock worth $56,315,000 after acquiring an additional 1,174,121 shares during the period. JPMorgan Chase & Co. grew its position in shares of Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after purchasing an additional 1,070,589 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Viking during the fourth quarter worth approximately $37,332,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial boosted their price target on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. UBS Group boosted their target price on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target on the stock. Barclays set a $46.00 price objective on shares of Viking and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Finally, Morgan Stanley lowered their target price on shares of Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.29.

Viking Stock Performance

Viking stock opened at $39.78 on Tuesday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The stock has a market capitalization of $17.16 billion and a P/E ratio of 153.00. The stock has a fifty day moving average of $46.69 and a 200-day moving average of $43.43.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.