Viking Holdings Ltd. $VIK Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC reduced its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 15.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 102,036 shares of the company’s stock after selling 19,013 shares during the quarter. WCM Investment Management LLC’s holdings in Viking were worth $6,217,000 as of its most recent SEC filing.

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

Viking Price Performance

Shares of VIK opened at $73.75 on Wednesday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $76.68. The firm has a 50-day simple moving average of $70.55 and a 200-day simple moving average of $63.98. The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 0.66 and a beta of 2.07.

Viking (NYSE:VIK) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIK. Bank of America lifted their price target on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $80.00 in a research report on Monday, December 15th. Citigroup boosted their target price on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 12th. Truist Financial upped their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Finally, Morgan Stanley lifted their price target on Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.