Orser Capital Management LLC Acquires New Position in Viking Holdings Ltd. $VIK

Orser Capital Management LLC acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,104 shares of the company’s stock, valued at approximately $1,685,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of Viking by 400.3% during the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after acquiring an additional 8,462,947 shares in the last quarter. Norges Bank acquired a new position in Viking during the second quarter worth $236,911,000. Holocene Advisors LP boosted its position in Viking by 57.9% during the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after purchasing an additional 2,092,729 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Viking by 69.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after purchasing an additional 1,843,533 shares in the last quarter. Finally, State Street Corp grew 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 valued at $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Performance

NYSE VIK opened at $69.62 on Thursday. The business’s 50-day moving average price is $62.73 and its 200 day moving average price is $59.17. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $71.46. The company has a market capitalization of $30.85 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 0.81 and a beta of 2.12.

Viking (NYSE:VIK) last posted its quarterly earnings data 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 net margin of 15.53% and a return on equity of 716.92%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 EPS. On average, research analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VIK. Truist Financial lifted their price target on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Mizuho set a $59.00 target price on shares of Viking in a research report on Wednesday, November 19th. Morgan Stanley upped their price target on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. UBS Group raised their price objective on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research report on Monday. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.00.

About Viking

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.