Landscape Capital Management L.L.C. Purchases Shares of 129,558 Viking Holdings Ltd. $VIK

Landscape Capital Management L.L.C. purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) during the 4th quarter, Holdings Channel reports. The fund purchased 129,558 shares of the company’s stock, valued at approximately $9,252,000. Viking accounts for approximately 0.6% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Entropy Technologies LP lifted its stake in shares of Viking by 131.6% during the fourth quarter. Entropy Technologies LP now owns 9,048 shares of the company’s stock valued at $646,000 after buying an additional 5,142 shares during the period. FORA Capital LLC purchased a new position in shares of Viking during the fourth quarter valued at approximately $1,994,000. CreativeOne Wealth LLC purchased a new position in shares of Viking during the fourth quarter valued at approximately $207,000. Marshall Wace LLP purchased a new position in shares of Viking during the fourth quarter valued at approximately $2,480,000. Finally, Bridgewater Associates LP lifted its stake in shares of Viking by 958.6% during the fourth quarter. Bridgewater Associates LP now owns 185,017 shares of the company’s stock valued at $13,212,000 after buying an additional 167,539 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analysts Set New Price Targets

Several brokerages recently issued reports on VIK. Mizuho upped their price objective on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Susquehanna upped their price objective on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Finally, UBS Group reissued a “buy” rating and set a $100.00 price objective on shares of Viking in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Viking Stock Performance

Shares of VIK stock opened at $92.04 on Friday. Viking Holdings Ltd. has a one year low of $46.06 and a one year high of $94.99. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The company has a 50 day moving average price of $83.71 and a 200 day moving average price of $76.08. The firm has a market capitalization of $41.02 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Viking’s revenue for the quarter was up 17.5% compared to the same quarter last year. Sell-side analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current year.

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.