Driehaus Capital Management LLC Purchases 188,726 Shares of Viking Holdings Ltd (NYSE:VIK)

Driehaus Capital Management LLC boosted its holdings in Viking Holdings Ltd (NYSE:VIK) by 99.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 378,035 shares of the company’s stock after buying an additional 188,726 shares during the period. Driehaus Capital Management LLC’s holdings in Viking were worth $16,656,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Avior Wealth Management LLC increased its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares during the period. CIBC Asset Management Inc increased its stake in shares of Viking by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after buying an additional 491 shares during the period. Commerce Bank raised its position in shares of Viking by 7.9% during the fourth quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after acquiring an additional 625 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Viking by 3.5% in the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after acquiring an additional 700 shares during the period. Finally, Simon Quick Advisors LLC boosted its holdings in Viking by 7.2% in the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after acquiring an additional 1,165 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIK has been the subject of a number of analyst reports. Loop Capital began coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price for the company. Jefferies Financial Group started coverage on Viking in a research report on Monday, March 31st. They set a “hold” rating and a $45.00 target price on the stock. UBS Group boosted their price target on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Melius Research set a $51.00 price objective on shares of Viking in a research report on Monday, April 21st. Finally, Truist Financial increased their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $46.89.

Viking Stock Up 1.3 %

Shares of Viking stock opened at $43.59 on Friday. The company has a market cap of $18.81 billion and a PE ratio of 167.67. Viking Holdings Ltd has a 52 week low of $27.60 and a 52 week high of $53.14. The business has a 50 day moving average price of $40.60 and a 200-day moving average price of $44.11.

Viking (NYSE:VIK) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business’s revenue was up 20.5% on a year-over-year basis. As a group, research 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.