Cumberland Partners Ltd Takes $2 Million Position in Viking Holdings Ltd. $VIK

Cumberland Partners Ltd purchased a new position in Viking Holdings Ltd. (NYSE:VIK) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,500 shares of the company’s stock, valued at approximately $1,998,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pittenger & Anderson Inc. bought a new stake in shares of Viking in the second quarter valued at about $27,000. Private Trust Co. NA bought a new stake in Viking during the 2nd quarter worth about $29,000. Costello Asset Management INC bought a new stake in shares of Viking during the first quarter worth $33,000. Harbour Investments Inc. raised its stake in shares of Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Stock Up 5.3%

VIK stock opened at $61.33 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of 33.15, a price-to-earnings-growth ratio of 0.68 and a beta of 2.20. The company’s 50 day moving average is $60.39 and its 200 day moving average is $56.00. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $65.37.

Viking (NYSE:VIK) last released its earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. Sell-side analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

VIK has been the subject of several research reports. Mizuho initiated coverage on shares of Viking in a research report on Friday, October 10th. They set an “underperform” rating and a $54.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Viking in a report on Thursday, November 13th. Barclays boosted their price objective on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, October 3rd. Bank of America lifted their price objective on Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley boosted their price target on Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $58.75.

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.