Seven Eight Capital LP Acquires New Stake in Viking Holdings Ltd (NYSE:VIK)

Seven Eight Capital LP bought a new position in Viking Holdings Ltd (NYSE:VIK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,021 shares of the company’s stock, valued at approximately $1,698,000.

A number of other large investors have also recently made changes to their positions in VIK. Renaissance Capital LLC purchased a new stake in Viking in the 2nd quarter valued at about $2,250,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Viking in the second quarter worth about $2,226,000. Cascade Investment Group Inc. bought a new position in Viking during the 2nd quarter worth about $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Viking during the 2nd quarter valued at about $1,004,000. Finally, American National Bank bought a new stake in shares of Viking in the 2nd quarter valued at about $68,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VIK shares. Melius initiated coverage on shares of Viking in a report on Wednesday, May 22nd. They set a “buy” rating and a $37.00 price objective on the stock. Barclays began coverage on Viking in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Truist Financial began coverage on Viking in a research note on Friday, June 21st. They issued a “hold” rating and a $38.00 target price on the stock. Finally, HSBC began coverage on shares of Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.17.

Viking Stock Performance

Shares of VIK stock opened at $33.57 on Thursday. The business’s 50-day simple moving average is $34.21. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $37.25.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Sell-side analysts predict that Viking Holdings Ltd will post 1.14 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.