Viking Holdings Ltd (NYSE:VIK) Short Interest Down 37.7% in May

Viking Holdings Ltd (NYSE:VIK) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 3,350,000 shares, a drop of 37.7% from the May 15th total of 5,380,000 shares. Based on an average trading volume of 3,370,000 shares, the short-interest ratio is presently 1.0 days. Approximately 1.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently modified their holdings of the business. Costello Asset Management INC acquired a new position in shares of Viking during the first quarter worth $33,000. Harbour Investments Inc. increased its holdings in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after purchasing an additional 346 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the period. Quarry LP acquired a new stake in shares of Viking in the 4th quarter valued at about $66,000. Finally, Orion Capital Management LLC acquired a new stake in Viking in the fourth quarter valued at approximately $110,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

NYSE VIK traded up $1.26 on Monday, hitting $47.82. 627,805 shares of the stock were exchanged, compared to its average volume of 2,504,785. The business’s fifty day moving average is $43.35 and its 200 day moving average is $44.68. The company has a market capitalization of $21.19 billion and a PE ratio of 38.87. Viking has a 52 week low of $30.42 and a 52 week high of $53.14.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same period last year, the company posted ($1.21) EPS. The business’s revenue was up 24.9% on a year-over-year basis. Analysts predict that Viking will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VIK has been the subject of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Viking in a report on Monday, March 31st. They issued a “hold” rating and a $45.00 price objective for the company. The Goldman Sachs Group lowered their target price on Viking from $51.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Barclays cut their price objective on Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Viking from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Citigroup increased their price objective on Viking from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

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.