Short Interest in Viking Holdings Ltd (NYSE:VIK) Decreases By 18.7%

Viking Holdings Ltd (NYSE:VIK) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,660,000 shares, a decline of 18.7% from the February 28th total of 9,420,000 shares. Based on an average trading volume of 3,190,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.6% of the shares of the company are short sold.

Viking Stock Performance

Shares of VIK opened at $39.78 on Tuesday. The stock has a 50 day moving average price of $46.69 and a 200 day moving average price of $43.43. Viking has a one year low of $25.71 and a one year high of $53.14. The stock has a market capitalization of $17.16 billion and a price-to-earnings ratio of 153.00.

Viking (NYSE:VIK) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts predict that Viking will post 1.49 earnings per share for the current year.

Institutional Trading of Viking

A number of hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Viking by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock worth $408,000 after buying an additional 491 shares during the last quarter. Commerce Bank grew its holdings in Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock valued at $376,000 after buying an additional 625 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of Viking by 3.5% in the 4th 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 last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock worth $767,000 after acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VIK shares. Morgan Stanley dropped their price objective on shares of Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Citigroup initiated coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target on the stock. Loop Capital started coverage on shares of Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price objective for the company. Jefferies Financial Group began coverage on Viking in a research report on Monday. They set a “hold” rating and a $45.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.29.

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.