Davidson Kempner Capital Management LP Purchases Shares of 400,000 Viking Holdings Ltd (NYSE:VIK)

Davidson Kempner Capital Management LP purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 400,000 shares of the company’s stock, valued at approximately $13,576,000. Davidson Kempner Capital Management LP owned about 0.09% of Viking at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in Viking in the 2nd quarter valued at approximately $2,063,879,000. Massachusetts Financial Services Co. MA bought a new position in shares of Viking in the second quarter worth $73,247,000. Forest Avenue Capital Management LP acquired a new position in shares of Viking during the second quarter valued at $58,008,000. D1 Capital Partners L.P. bought a new stake in shares of Viking during the second quarter valued at about $29,964,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Viking in the second quarter worth about $11,685,000.

Viking Stock Up 1.5 %

Shares of VIK opened at $34.43 on Monday. The stock has a 50-day moving average price of $34.19. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $37.25.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, analysts anticipate that Viking Holdings Ltd will post 1.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VIK shares. UBS Group began coverage on Viking in a research report on Tuesday, May 28th. They set a “buy” rating and a $35.00 price target on the stock. Barclays initiated coverage on Viking in a report on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 target price on the stock. HSBC assumed coverage on shares of Viking in a report on Tuesday, June 25th. They issued a “buy” rating and a $36.00 price target for the company. Stifel Nicolaus lifted their price objective on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Truist Financial assumed coverage on shares of Viking in a research note on Friday, June 21st. They set a “hold” rating and a $38.00 target price for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $37.17.

About Viking

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.