Burkehill Global Management LP Purchases New Holdings in Viking Holdings Ltd (NYSE:VIK)

Burkehill Global Management LP acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 750,000 shares of the company’s stock, valued at approximately $33,045,000. Viking makes up 3.2% of Burkehill Global Management LP’s holdings, making the stock its 5th largest position.

A number of other hedge funds have also made changes to their positions in VIK. Avior Wealth Management LLC purchased a new stake in shares of Viking during the third quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Viking during the fourth quarter worth $73,000. New York State Common Retirement Fund acquired a new stake in shares of Viking in the fourth quarter valued at about $119,000. Rhumbline Advisers purchased a new position in shares of Viking in the fourth quarter worth about $130,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Viking during the third quarter worth about $187,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Citigroup started coverage on Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Bank of America upped their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.93.

Viking Stock Up 0.9 %

NYSE VIK opened at $40.52 on Thursday. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14. The firm’s 50-day moving average is $47.71 and its two-hundred day moving average is $42.72.

Viking (NYSE:VIK) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts anticipate that Viking Holdings Ltd 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.