Pinnbrook Capital Management LP Invests $2.52 Million in Viking Holdings Ltd. $VIK

Pinnbrook Capital Management LP purchased a new position in Viking Holdings Ltd. (NYSE:VIK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,213 shares of the company’s stock, valued at approximately $2,516,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VIK. Pittenger & Anderson Inc. bought a new position in Viking in the 2nd quarter worth $27,000. Private Trust Co. NA bought a new position in shares of Viking during the 2nd quarter valued at approximately $29,000. Costello Asset Management INC bought a new stake in Viking during the first quarter worth approximately $33,000. Harbour Investments Inc. boosted its stake in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after purchasing an additional 346 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Trading Down 0.4%

VIK opened at $59.26 on Friday. The business’s 50-day simple moving average is $60.66 and its 200-day simple moving average is $55.53. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $65.37. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The company has a market cap of $26.26 billion, a P/E ratio of 32.03, a PEG ratio of 0.70 and a beta of 2.20.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

VIK has been the subject of several recent research reports. Morgan Stanley boosted 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Viking in a research report on Thursday. Barclays increased their price target on Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, October 3rd. Bank of America lifted their target price on shares of Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $69.00 target price on shares of Viking in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.93.

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.