Boothbay Fund Management LLC Reduces Holdings in Viking Holdings Ltd. $VIK

Boothbay Fund Management LLC trimmed its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,353 shares of the company’s stock after selling 69,070 shares during the quarter. Boothbay Fund Management LLC’s holdings in Viking were worth $9,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Viking during the 3rd quarter worth $26,000. CI Investments Inc. increased its stake in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. TFC Financial Management Inc. bought a new position in Viking in the 3rd quarter worth $44,000. Sentry Investment Management LLC bought a new position in Viking in the 3rd quarter worth $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Viking during the second quarter valued at $53,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.

Viking Stock Up 0.7%

Shares of VIK opened at $68.28 on Friday. The company has a market capitalization of $30.43 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The company has a current ratio of 0.79, a quick ratio of 0.77 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 $67.14.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. Research analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIK has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Citigroup lifted their price objective on Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. UBS Group boosted their price objective on Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $80.00 in a report on Monday, December 15th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Viking 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.