New York State Common Retirement Fund Has $5.90 Million Stake in Viking Holdings Ltd. $VIK

New York State Common Retirement Fund raised its stake in Viking Holdings Ltd. (NYSE:VIK) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,900 shares of the company’s stock after acquiring an additional 12,816 shares during the period. New York State Common Retirement Fund’s holdings in Viking were worth $5,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Coastal Bridge Advisors LLC bought a new stake in shares of Viking in the 3rd quarter worth about $244,000. Federated Hermes Inc. boosted its position in Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after buying an additional 6,715,666 shares in the last quarter. Truist Financial Corp grew its stake in Viking by 12.7% during the third quarter. Truist Financial Corp now owns 4,548 shares of the company’s stock worth $283,000 after buying an additional 513 shares during the last quarter. Rockport Wealth LLC bought a new stake in Viking during the third quarter worth about $329,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Viking during the third quarter worth approximately $989,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Down 2.9%

NYSE VIK opened at $72.22 on Friday. The stock has a market capitalization of $32.00 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 0.65 and a beta of 2.07. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $76.68. 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 stock has a fifty day moving average of $70.83 and a 200-day moving average of $64.11.

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

Analyst Ratings Changes

VIK has been the topic of several recent analyst reports. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Wells Fargo & Company lifted their price objective on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Citigroup raised their target price on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Bank of America lifted their price target on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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.