Quantbot Technologies LP Takes Position in Viking Holdings Ltd (NYSE:VIK)

Quantbot Technologies LP bought a new position in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 300,953 shares of the company’s stock, valued at approximately $13,260,000. Viking comprises approximately 0.5% of Quantbot Technologies LP’s portfolio, making the stock its 19th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Magnetar Financial LLC acquired a new position in shares of Viking during the fourth quarter valued at $347,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Viking in the 4th quarter valued at about $597,000. Parallel Advisors LLC increased its stake in Viking by 22.7% during the 4th quarter. Parallel Advisors LLC now owns 55,689 shares of the company’s stock valued at $2,454,000 after buying an additional 10,304 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Viking in the 4th quarter worth approximately $657,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Viking by 111.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock worth $727,000 after acquiring an additional 8,693 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on VIK. JPMorgan Chase & Co. boosted their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Loop Capital began coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target on the stock. Barclays set a $46.00 price objective on shares of Viking and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Truist Financial boosted their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.93.

Viking Stock Down 2.9 %

Shares of Viking stock opened at $39.35 on Friday. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14. The business has a fifty day simple moving average of $47.64 and a 200-day simple moving average of $42.70.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities research analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current 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.