Cinctive Capital Management LP Takes Position in Viking Holdings Ltd. $VIK

Cinctive Capital Management LP purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 27,620 shares of the company’s stock, valued at approximately $1,717,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VIK. Y Intercept Hong Kong Ltd bought a new stake in Viking during the 3rd quarter valued at $989,000. Congress Asset Management Co. bought a new position in shares of Viking in the third quarter worth $65,041,000. Merit Financial Group LLC grew its position in shares of Viking by 42.6% in the third quarter. Merit Financial Group LLC now owns 27,635 shares of the company’s stock valued at $1,718,000 after purchasing an additional 8,256 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Viking in the third quarter valued at $1,258,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Viking by 74.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock valued at $78,193,000 after purchasing an additional 626,973 shares during the period. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VIK. Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Wall Street Zen upgraded Viking from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Bank of America increased their price target on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Citigroup raised their price objective on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average target price of $72.67.

Viking Stock Performance

Shares of VIK opened at $71.25 on Tuesday. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The company has a market cap of $31.76 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The stock has a 50-day moving average price of $73.43 and a 200-day moving average price of $67.23.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. Viking’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, equities analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

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.