140 Summer Partners LP Has $54.50 Million Holdings in Viking Holdings Ltd. $VIK

140 Summer Partners LP lessened its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 876,744 shares of the company’s stock after selling 69,593 shares during the period. Viking comprises 4.7% of 140 Summer Partners LP’s holdings, making the stock its 13th largest position. 140 Summer Partners LP owned approximately 0.20% of Viking worth $54,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning bought a new position in shares of Viking during the third quarter worth about $383,000. AQR Capital Management LLC bought a new stake in Viking in the 3rd quarter valued at approximately $66,016,000. Man Group plc boosted its position in Viking by 20.7% during the 3rd quarter. Man Group plc now owns 831,702 shares of the company’s stock worth $51,699,000 after acquiring an additional 142,540 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Viking by 26.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,063,250 shares of the company’s stock worth $66,092,000 after acquiring an additional 224,345 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Viking by 52.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 187,124 shares of the company’s stock worth $11,632,000 after acquiring an additional 63,986 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Stifel Nicolaus raised their target price on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Morgan Stanley lifted their price target on shares of Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Bank of America boosted their price target on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking took delivery of a new river ship, the Viking Eldir, expanding capacity on Rhine/Main/Danube itineraries. Fleet growth supports revenue and itinerary availability for the key river-cruise segment. Viking Takes Delivery of Newest River Ship in Europe
• Positive Sentiment: UBS raised its price target on VIK to $83.00 — analyst upgrades/target lifts can directly improve investor sentiment and buying interest. Viking (NYSE:VIK) Price Target Raised to $83.00 at UBS Group
• Neutral Sentiment: A press piece highlights a VGS portfolio move that “supercharges” Viking SupplyNet with premium piping connections. It’s unclear how directly this affects Viking Holdings’ core cruise/tour operations or near-term earnings, so any impact is uncertain. VGS Portfolio Supercharges Viking SupplyNet’s Unique, Vertically Integrated Model with Premium Piping Connections
• Neutral Sentiment: Several media items reference the word “Viking” (sports, history, lifestyle, or other companies like Viking Therapeutics). These are brand/name noise and not related to Viking Holdings’ fundamentals. Investors should ignore those when evaluating VIK. Example: NFL coverage about the Minnesota Vikings (not the company). Kyler Murray signs with Vikings: Minnesota earns A+ for landing former No. 1 pick after Cardinals release
• Negative Sentiment: Financial/valuation headwinds remain: VIK carries high leverage (debt-to-equity ~4.76) and short-term liquidity ratios below 1.0, which can amplify downside during demand slowdowns or cost pressures. These factors temper upside despite positive operational/analyst news.

Viking Trading Up 0.7%

NYSE VIK opened at $68.28 on Friday. The company has a market cap of $30.43 billion, a PE ratio of 26.57, a PEG ratio of 1.26 and a beta of 1.96. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $81.48. The stock has a 50 day moving average of $73.45 and a 200-day moving average of $67.14.

Viking (NYSE:VIK) last released its earnings results on Tuesday, March 3rd. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.