Landscape Capital Management L.L.C. Acquires New Position in Viking Holdings Ltd. $VIK

Landscape Capital Management L.L.C. acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 129,558 shares of the company’s stock, valued at approximately $9,252,000. Viking makes up approximately 0.6% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in VIK. Norges Bank purchased a new stake in Viking in the 4th quarter valued at approximately $372,297,000. Invesco Ltd. boosted its holdings in Viking by 32.8% in the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares in the last quarter. Dream Peak Capital Ltd purchased a new stake in Viking in the 4th quarter valued at approximately $223,744,000. State Street Corp boosted its holdings in Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after purchasing an additional 1,806,920 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Viking in the 4th quarter valued at approximately $113,364,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Activity

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $79.00 to $109.00 in a research report on Monday, May 18th. Mizuho upped their target price on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Loop Capital assumed coverage on shares of Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 target price on the stock. Finally, Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

Viking Trading Down 1.2%

Shares of VIK opened at $92.04 on Friday. Viking Holdings Ltd. has a twelve month low of $46.06 and a twelve month high of $94.99. The firm has a market capitalization of $41.02 billion, a P/E ratio of 34.22, a PEG ratio of 1.33 and a beta of 1.59. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The firm’s 50-day moving average is $83.71 and its two-hundred day moving average is $76.08.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share 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.