Hood River Capital Management LLC Acquires Shares of 7,234 Viking Holdings Ltd (NYSE:VIK)

Hood River Capital Management LLC acquired a new stake in Viking Holdings Ltd (NYSE:VIK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,234 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently bought and sold shares of VIK. Valley Wealth Managers Inc. bought a new position in shares of Viking during the 2nd quarter worth $35,000. American National Bank bought a new position in Viking in the 2nd quarter worth about $68,000. O Neil Global Advisors Inc. bought a new position in Viking in the 2nd quarter worth about $202,000. Parallel Advisors LLC bought a new position in Viking in the 2nd quarter worth about $270,000. Finally, Cascade Investment Group Inc. bought a new position in Viking in the 2nd quarter worth about $289,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. HSBC assumed coverage on Viking in a research note on Tuesday, June 25th. They issued a “buy” rating and a $36.00 target price for the company. Wells Fargo & Company raised their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. 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. Morgan Stanley raised their price target on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Viking Price Performance

NYSE:VIK opened at $34.10 on Tuesday. The firm’s 50-day moving average is $34.15. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $37.25.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts predict that Viking Holdings Ltd will post 1.14 EPS for the current year.

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.