OMERS ADMINISTRATION Corp Decreases Stock Holdings in Viking Holdings Ltd. $VIK

OMERS ADMINISTRATION Corp reduced its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 37.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,500 shares of the company’s stock after selling 9,300 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Viking were worth $826,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. LPL Financial LLC raised its stake in 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 purchasing an additional 6,841 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. Commerce Bank increased its holdings in shares of Viking by 4.7% in the 1st quarter. Commerce Bank now owns 8,936 shares of the company’s stock worth $355,000 after buying an additional 399 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Viking during the 1st quarter valued at about $33,000. Finally, Primecap Management Co. CA bought a new position in shares of Viking in the 1st quarter valued at about $30,361,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays boosted their price objective on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Wells Fargo & Company lifted their target price on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Jefferies Financial Group restated a “hold” rating and set a $60.00 price target on shares of Viking in a report on Thursday, November 20th. Morgan Stanley raised their price target on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Viking from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, November 20th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Viking currently has an average rating of “Hold” and an average target price of $61.50.

Viking Price Performance

Shares of VIK stock opened at $67.55 on Thursday. The stock has a 50 day moving average price of $61.07 and a 200 day moving average price of $57.46. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $68.60. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The firm has a market capitalization of $29.93 billion, a P/E ratio of 31.56, a P/E/G ratio of 0.76 and a beta of 2.12.

Viking (NYSE:VIK) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $0.89 EPS. Viking’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.