Maryland State Retirement & Pension System Takes $526,000 Position in Viking Holdings Ltd. $VIK

Maryland State Retirement & Pension System acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,879 shares of the company’s stock, valued at approximately $526,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Select Equity Group L.P. lifted its position in shares of Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after buying an additional 1,376,899 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Viking by 6.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock valued at $350,922,000 after purchasing an additional 528,843 shares during the last quarter. Invesco Ltd. lifted its stake in Viking by 57.8% during the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock worth $84,038,000 after purchasing an additional 774,265 shares during the last quarter. Sculptor Capital LP lifted its stake in shares of Viking by 503.9% in the 1st quarter. Sculptor Capital LP now owns 1,377,000 shares of the company’s stock valued at $54,736,000 after acquiring an additional 1,149,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Viking by 66.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,363,291 shares of the company’s stock valued at $54,191,000 after purchasing an additional 543,060 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Trading Up 2.2%

Shares of Viking stock opened at $59.47 on Tuesday. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 0.69 and a beta of 2.24. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $65.37. The firm’s 50 day simple moving average is $60.90 and its two-hundred day simple moving average is $52.16. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. Analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VIK shares. Morgan Stanley lifted their target price on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. UBS Group raised their price target on shares of Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America raised their price objective on shares of Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Mizuho started coverage on shares of Viking in a research report on Friday. They set an “underperform” rating and a $54.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.93.

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.