Holocene Advisors LP Sells 1,092,794 Shares of Viking Holdings Ltd. $VIK

Holocene Advisors LP lowered its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,613,633 shares of the company’s stock after selling 1,092,794 shares during the period. Holocene Advisors LP owned approximately 1.04% of Viking worth $286,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Focus Partners Wealth bought a new stake in Viking in the 3rd quarter valued at about $4,644,000. Fortress Investment Group LLC bought a new position in Viking in the third quarter worth approximately $7,791,000. Cinctive Capital Management LP acquired a new stake in Viking in the third quarter valued at approximately $1,717,000. Bridgefront Capital LLC acquired a new stake in Viking in the third quarter valued at approximately $369,000. Finally, California Public Employees Retirement System bought a new stake in shares of Viking during the third quarter valued at approximately $17,131,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Up 0.7%

Shares of NYSE:VIK opened at $68.28 on Monday. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.26 and a beta of 1.96. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48. The business’s 50 day moving average is $73.45 and its 200 day moving average is $67.17.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.Viking’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Viking News Roundup

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking took delivery of a new river ship, the Viking Eldir, expanding capacity on Rhine/Main/Danube itineraries. Fleet growth supports revenue and itinerary availability for the key river-cruise segment. Viking Takes Delivery of Newest River Ship in Europe
• Positive Sentiment: UBS raised its price target on VIK to $83.00 — analyst upgrades/target lifts can directly improve investor sentiment and buying interest. Viking (NYSE:VIK) Price Target Raised to $83.00 at UBS Group
• Neutral Sentiment: A press piece highlights a VGS portfolio move that “supercharges” Viking SupplyNet with premium piping connections. It’s unclear how directly this affects Viking Holdings’ core cruise/tour operations or near-term earnings, so any impact is uncertain. VGS Portfolio Supercharges Viking SupplyNet’s Unique, Vertically Integrated Model with Premium Piping Connections
• Neutral Sentiment: Several media items reference the word “Viking” (sports, history, lifestyle, or other companies like Viking Therapeutics). These are brand/name noise and not related to Viking Holdings’ fundamentals. Investors should ignore those when evaluating VIK. Example: NFL coverage about the Minnesota Vikings (not the company). Kyler Murray signs with Vikings: Minnesota earns A+ for landing former No. 1 pick after Cardinals release
• Negative Sentiment: Financial/valuation headwinds remain: VIK carries high leverage (debt-to-equity ~4.76) and short-term liquidity ratios below 1.0, which can amplify downside during demand slowdowns or cost pressures. These factors temper upside despite positive operational/analyst news.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VIK shares. Wells Fargo & Company upped their target price on Viking from $77.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Citigroup boosted their price target on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Mizuho upped their price objective on shares of Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.67.

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.