Renaissance Capital LLC Trims Stock Holdings in Viking Holdings Ltd. $VIK

Renaissance Capital LLC cut its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,436 shares of the company’s stock after selling 9,439 shares during the quarter. Viking comprises about 5.2% of Renaissance Capital LLC’s holdings, making the stock its 6th largest position. Renaissance Capital LLC’s holdings in Viking were worth $9,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Central Pacific Bank Trust Division lifted its stake in shares of Viking by 2.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock valued at $633,000 after purchasing an additional 274 shares during the period. Golden State Wealth Management LLC increased its holdings in Viking by 20.1% in the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after purchasing an additional 332 shares in the last quarter. Pittenger & Anderson Inc. bought a new stake in Viking in the second quarter worth approximately $27,000. Private Trust Co. NA acquired a new position in Viking in the second quarter valued at approximately $29,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on VIK. Mizuho set a $59.00 price target on shares of Viking in a report on Wednesday, November 19th. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $80.00 in a research report on Monday, December 15th. Barclays boosted their target price on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Finally, Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Viking Price Performance

VIK stock opened at $72.09 on Wednesday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The business has a 50-day simple moving average of $64.95 and a two-hundred day simple moving average of $60.85. The company has a market capitalization of $31.95 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.12. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $74.61.

Viking (NYSE:VIK) last posted its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. Research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.