Sculptor Capital LP invests $2.72M in Viking Holdings Ltd (NYSE:VIK)

Sculptor Capital LP acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $2,715,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VIK. Canada Pension Plan Investment Board bought a new position in shares of Viking during the second quarter valued at $2,063,879,000. Select Equity Group LP bought a new position in Viking in the second quarter valued at approximately $145,989,000. Massachusetts Financial Services Co. MA bought a new position in Viking in the second quarter valued at about $73,247,000. Forest Avenue Capital Management LP bought a new position in Viking in the second quarter valued at about $58,008,000. Finally, Millennium Management LLC bought a new stake in shares of Viking during the second quarter valued at approximately $42,008,000.

The Wall Street analyst weighs in

A number of brokerages recently weighed in on VIK. Bank of America raised their price objective on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Truist Financial started 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. JPMorgan Chase & Co. boosted their target price on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley upped their target price on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Finally, Barclays began coverage on shares of Viking in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.17.

See our latest review on VIK

Viking stock performance

Shares of VIK stock opened at $34.77 on Friday. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $37.25. The company’s fifty-day moving average is $34.08.

Viking (NYSE:VIK – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. sell-side analysts anticipate that Viking Holdings Ltd will post 1.14 EPS for the current fiscal year.

About Vikings

(Free Report)

Viking Holdings Ltd engages in passenger transport and other forms of passenger transport in North America, the United Kingdom and internationally. It works through river and ocean segments. The company also operates as a passenger tour operator and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 vessels, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels and 1 charter river vessel and Viking Mississippi; 9 ocean-going vessels; and 2 expedition ships.

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