Twin Tree Management LP Acquires 9,606 Shares of Viking Holdings Ltd. $VIK

Twin Tree Management LP lifted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 84.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,031 shares of the company’s stock after purchasing an additional 9,606 shares during the period. Twin Tree Management LP’s holdings in Viking were worth $1,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Viking during the 3rd quarter worth approximately $26,000. Finally, GAMMA Investing LLC raised its stake in Viking by 158.3% during the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after buying an additional 334 shares during the period. Institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

VIK stock opened at $88.94 on Tuesday. The firm has a market cap of $39.64 billion, a PE ratio of 33.06, a P/E/G ratio of 1.30 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The business has a 50 day moving average of $82.17 and a 200-day moving average of $75.37. Viking Holdings Ltd. has a 12-month low of $46.06 and a 12-month high of $93.70.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted ($0.24) earnings per share. Viking’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts expect that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VIK shares. Mizuho upped their price target on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Susquehanna upped their price target on Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and upped their price target for the stock from $75.00 to $102.00 in a research note on Friday, May 22nd. Stifel Nicolaus set a $105.00 price target on Viking in a research note on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.

Viking Company 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.