New York State Common Retirement Fund Increases Stock Position in Viking Holdings Ltd. $VIK

New York State Common Retirement Fund increased its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 7,423.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,084 shares of the company’s stock after buying an additional 80,993 shares during the period. New York State Common Retirement Fund’s holdings in Viking were worth $4,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Viking by 15.6% during the first quarter. LPL Financial LLC now owns 50,739 shares of the company’s stock valued at $2,017,000 after acquiring an additional 6,841 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after acquiring an additional 346 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Viking by 50.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 56,606 shares of the company’s stock valued at $2,250,000 after purchasing an additional 19,014 shares during the last quarter. Deutsche Bank AG purchased a new position in Viking in the first quarter valued at about $261,000. Finally, Invesco Ltd. grew its stake in Viking by 57.8% during the 1st quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock valued at $84,038,000 after purchasing an additional 774,265 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Truist Financial upped their price target on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday. Morgan Stanley increased their price objective on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Viking in a research report on Monday, December 1st. Finally, Mizuho set a $59.00 price target on shares of Viking in a research report on Wednesday, November 19th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.13.

Viking Stock Down 0.8%

Shares of NYSE:VIK opened at $67.07 on Friday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $68.60. The company’s fifty day moving average is $61.35 and its two-hundred day moving average is $57.76. The stock has a market capitalization of $29.72 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12.

Viking (NYSE:VIK) last issued its earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.Viking’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. Equities analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current 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.