Magnetar Financial LLC Makes New $347,000 Investment in Viking Holdings Ltd (NYSE:VIK)

Magnetar Financial LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, HoldingsChannel reports. The fund bought 7,866 shares of the company’s stock, valued at approximately $347,000.

Several other hedge funds have also made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Viking during the fourth quarter worth about $597,000. Parallel Advisors LLC lifted its position in shares of Viking by 22.7% during the fourth quarter. Parallel Advisors LLC now owns 55,689 shares of the company’s stock worth $2,454,000 after purchasing an additional 10,304 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of Viking during the fourth quarter worth about $657,000. Commonwealth Equity Services LLC lifted its position in shares of Viking by 111.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock worth $727,000 after purchasing an additional 8,693 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in shares of Viking during the fourth quarter worth about $141,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VIK shares. Loop Capital started coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target for the company. Truist Financial raised their price objective on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. Barclays set a $46.00 target price on shares of Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Finally, Citigroup assumed coverage on Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Stock Performance

Shares of VIK stock opened at $40.11 on Friday. The stock’s 50-day moving average is $47.22 and its two-hundred day moving average is $43.00. The firm has a market cap of $17.30 billion and a price-to-earnings ratio of 154.25. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14.

Viking (NYSE:VIK) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, research analysts predict 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.