Trexquant Investment LP Makes New Investment in Viking Holdings Ltd (NYSE:VIK)

Trexquant Investment LP bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, Holdings Channel reports. The firm bought 210,830 shares of the company’s stock, valued at approximately $9,289,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC boosted its position in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Viking in the fourth quarter worth approximately $73,000. New York State Common Retirement Fund bought a new position in Viking during the fourth quarter valued at approximately $119,000. Rhumbline Advisers acquired a new stake in Viking in the fourth quarter valued at approximately $130,000. Finally, Vestcor Inc bought a new stake in Viking in the fourth quarter worth approximately $141,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. BNP Paribas started coverage on shares of Viking in a research report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

Viking Stock Up 3.7 %

Shares of VIK opened at $42.00 on Thursday. The stock’s 50-day moving average price is $46.42 and its 200 day moving average price is $43.48. The firm has a market capitalization of $18.12 billion and a price-to-earnings ratio of 161.54. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current year.

Viking 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.