Renaissance Technologies LLC Makes New $4.75 Million Investment in Viking Holdings Ltd (NYSE:VIK)

Renaissance Technologies LLC purchased a new position 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 firm purchased 140,000 shares of the company’s stock, valued at approximately $4,752,000.

A number of other hedge funds also recently modified their holdings of the business. Valley Wealth Managers Inc. acquired a new stake in Viking in the 2nd quarter valued at approximately $35,000. American National Bank acquired a new stake in Viking in the 2nd quarter valued at approximately $68,000. O Neil Global Advisors Inc. acquired a new stake in Viking in the 2nd quarter valued at approximately $202,000. Parallel Advisors LLC acquired a new stake in Viking in the 2nd quarter valued at approximately $270,000. Finally, Cascade Investment Group Inc. acquired a new position in shares of Viking during the 2nd quarter worth approximately $289,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on VIK. Morgan Stanley boosted their price target on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 20th. Barclays began coverage on Viking in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 price target on the stock. Stifel Nicolaus boosted their price target on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and an average target price of $37.17.

Viking Stock Up 0.5 %

VIK opened at $34.95 on Friday. The firm has a fifty day moving average price of $34.04. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $37.25.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts expect that Viking Holdings Ltd will post 1.14 EPS for the current fiscal 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.