Viking Holdings Ltd (NYSE:VIK) Short Interest Update

Viking Holdings Ltd (NYSE:VIK) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 7,660,000 shares, a decrease of 18.7% from the February 28th total of 9,420,000 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average trading volume of 3,190,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Viking

A number of large investors have recently bought and sold shares of VIK. Charles Schwab Investment Management Inc. acquired a new stake in Viking during the 3rd quarter valued at approximately $1,269,000. Blue Chip Partners LLC purchased a new position in shares of Viking during the fourth quarter worth $279,000. Renaissance Capital LLC lifted its position in Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after purchasing an additional 9,527 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Viking in the fourth quarter valued at $339,000. Finally, Franklin Resources Inc. grew its position in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after purchasing an additional 836,353 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on VIK. Barclays set a $46.00 target price on shares of Viking and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Morgan Stanley reduced their price objective on shares of Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their target price on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Citigroup began coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average target price of $46.29.

Viking Trading Up 1.1 %

NYSE:VIK opened at $39.78 on Tuesday. The company has a market capitalization of $17.16 billion and a P/E ratio of 153.00. Viking has a 12 month low of $25.71 and a 12 month high of $53.14. The firm has a fifty day simple moving average of $46.69 and a 200-day simple moving average of $43.43.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. Equities analysts forecast that Viking 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.