Engineers Gate Manager LP Cuts Holdings in Viking Holdings Ltd. $VIK

Engineers Gate Manager LP decreased its holdings in Viking Holdings Ltd. (NYSE:VIK) by 33.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 55,379 shares of the company’s stock after selling 28,245 shares during the quarter. Engineers Gate Manager LP’s holdings in Viking were worth $5,797,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares in the last quarter. Prudential Financial Inc. purchased a new position in Viking in the second quarter valued at about $303,000. Daiwa Securities Group Inc. purchased a new position in Viking in the second quarter valued at about $922,000. State Street Corp raised its holdings in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares in the last quarter. Finally, Nebula Research & Development LLC raised its holdings in Viking by 275.0% in the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after purchasing an additional 22,188 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Price Performance

NYSE VIK opened at $85.06 on Friday. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 0.99 and a beta of 1.41. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. The stock’s fifty day moving average price is $96.68 and its 200 day moving average price is $87.85. Viking Holdings Ltd. has a 1 year low of $56.37 and a 1 year high of $110.09.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%.The firm’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts forecast that Viking Holdings Ltd. will post 3.2 earnings per share for the current year.

Insider Activity

In other news, EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the transaction, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. This trade represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking’s board authorized the repurchase of up to $1 billion of the company’s outstanding ordinary shares. The program could support earnings per share and shareholder returns by reducing the share count, while management said it reflects confidence in Viking’s long-term prospects, financial position and cash-generation ability. Viking Announces $1 Billion Share Repurchase Program
• Positive Sentiment: Viking announced the float-out of the Viking Astrea, its second hydrogen-powered cruise ship capable of operating with zero emissions. The milestone indicates construction is progressing toward scheduled delivery in May 2027, with inaugural itineraries planned for the Mediterranean and Northern Europe. The vessel could strengthen Viking’s fleet capacity and environmental positioning. Viking Announces Float Out of Second Hydrogen-Powered Ship
• Neutral Sentiment: The float-out is a construction milestone rather than an immediate revenue event. Investors will still assess the ship’s final delivery, operating costs, demand for its itineraries and the capital required to expand the fleet. Fincantieri floats out Viking Astrea

Analyst Ratings Changes

VIK has been the topic of a number of recent analyst reports. Susquehanna raised their price target on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a report on Friday, May 15th. Sanford C. Bernstein initiated coverage on shares of Viking in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 target price for the company. Stifel Nicolaus cut their price target on shares of Viking from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Mizuho upped their price target on Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, August 24th. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a report on Wednesday, September 2nd. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.33.

Viking Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.