Pinnbrook Capital Management LP Acquires 32,913 Shares of Viking Holdings Ltd. $VIK

Pinnbrook Capital Management LP raised its stake in Viking Holdings Ltd. (NYSE:VIK) by 69.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,126 shares of the company’s stock after acquiring an additional 32,913 shares during the period. Pinnbrook Capital Management LP’s holdings in Viking were worth $4,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in Viking by 400.3% in the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after buying an additional 8,462,947 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after acquiring an additional 6,715,666 shares during the period. Norges Bank acquired a new stake in shares of Viking during the 2nd quarter worth approximately $236,911,000. Massachusetts Financial Services Co. MA boosted its position in shares of Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after acquiring an additional 3,615,969 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in Viking by 57.9% in the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after acquiring an additional 2,092,729 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VIK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. UBS Group lifted their target price on Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup increased their target price on shares of Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Mizuho lifted their price target on shares of Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a report on Thursday, March 5th. Finally, Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $72.67.

Viking Trading Up 0.7%

NYSE VIK opened at $68.28 on Friday. The firm has a market capitalization of $30.43 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.25 and a beta of 1.96. The business’s 50-day moving average price is $73.45 and its two-hundred day moving average price is $67.11. 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.

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

Key Headlines Impacting Viking

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.

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.