Lighthouse Investment Partners LLC Buys Shares of 20,000 Viking Holdings Ltd (NYSE:VIK)

Lighthouse Investment Partners LLC purchased a new position in Viking Holdings Ltd (NYSE:VIK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $679,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. Maplelane Capital LLC bought a new position in Viking in the second quarter worth approximately $27,322,000. Millennium Management LLC purchased a new position in shares of Viking in the 2nd quarter valued at $42,008,000. Squarepoint Ops LLC bought a new position in shares of Viking in the 2nd quarter worth $5,125,000. Sandia Investment Management LP purchased a new stake in shares of Viking during the 2nd quarter worth $679,000. Finally, Masters Capital Management LLC bought a new stake in Viking during the second quarter valued at about $10,182,000.

Viking Stock Up 0.5 %

VIK opened at $34.95 on Friday. The stock’s 50 day simple moving average is $34.04. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $37.25.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VIK. Barclays assumed coverage on shares of Viking in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 target price for the company. Morgan Stanley boosted their price objective on shares of Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 20th. HSBC assumed coverage on shares of Viking in a research note on Tuesday, June 25th. They issued a “buy” rating and a $36.00 target price for the company. Truist Financial began coverage on Viking in a research report on Friday, June 21st. They set a “hold” rating and a $38.00 price target on the stock. Finally, Bank of America raised their price objective on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Viking presently 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.