Freemont Management S.A. Lowers Stock Holdings in Viking Holdings Ltd. $VIK

Freemont Management S.A. cut its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 88.2% during the third quarter, Holdings Channel reports. The firm owned 5,900 shares of the company’s stock after selling 44,100 shares during the quarter. Freemont Management S.A.’s holdings in Viking were worth $367,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new position in shares of Viking in the second quarter valued at approximately $27,000. Private Trust Co. NA acquired a new position in shares of Viking in the second quarter worth $29,000. TFC Financial Management Inc. acquired a new position in shares of Viking in the third quarter worth $44,000. Sentry Investment Management LLC purchased a new stake in shares of Viking during the third quarter worth $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Viking in the second quarter valued at $53,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

VIK stock opened at $75.19 on Friday. The business has a 50 day moving average price of $71.78 and a 200 day moving average price of $64.76. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 0.67 and a beta of 2.07. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $78.81.

Viking (NYSE:VIK) last released its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Viking had a net margin of 15.53% and a return on equity of 716.92%. The firm’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. Equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VIK has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Bank of America boosted their price objective on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Barclays upped their target price on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Truist Financial lifted their price target on shares of Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Finally, Mizuho set a $59.00 price target on shares of Viking in a report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.