Viking Holdings Ltd. (NYSE:VIK) Short Interest Update

Viking Holdings Ltd. (NYSE:VIK) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 4,991,988 shares, a decline of 17.7% from the February 12th total of 6,066,121 shares. Based on an average trading volume of 2,054,526 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.1% of the shares of the company are sold short. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 2,054,526 shares, the days-to-cover ratio is presently 2.4 days.

Viking Price Performance

Shares of Viking stock traded up $2.93 during trading on Monday, hitting $71.25. The stock had a trading volume of 3,089,738 shares, compared to its average volume of 2,649,597. 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 has a 12 month low of $31.79 and a 12 month high of $81.48. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.26 and a beta of 1.96. The business’s 50-day moving average is $73.43 and its 200 day moving average is $67.23.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.13. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Viking will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group raised their price target on Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Barclays boosted their price objective on Viking from $63.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Stifel Nicolaus raised their target price on Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Bank of America lifted their target price 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Viking has an average rating of “Moderate Buy” and a consensus price target of $72.67.

Institutional Trading of Viking

A number of large investors have recently modified their holdings of VIK. Invesco Ltd. grew its holdings in shares of Viking by 4.1% during the fourth quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Federated Hermes Inc. raised its stake in Viking by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after purchasing an additional 136,918 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Viking by 80.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after purchasing an additional 3,615,969 shares during the last quarter. Holocene Advisors LP lifted its position in Viking by 57.9% during the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after purchasing an additional 2,092,729 shares during the last quarter. Finally, Norges Bank purchased a new position in Viking in the 4th quarter worth approximately $372,297,000. Institutional investors own 98.84% of the company’s stock.

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.