Viking Holdings Ltd. (NYSE:VIK) Short Interest Down 17.6% in December
by Michael Walen · The Markets DailyViking Holdings Ltd. (NYSE:VIK – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,679,624 shares, a drop of 17.6% from the November 30th total of 4,467,323 shares. Based on an average daily volume of 2,441,502 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the company’s stock are short sold. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 2,441,502 shares, the days-to-cover ratio is currently 1.5 days.
Analysts Set New Price Targets
Several equities research analysts have recently commented on VIK shares. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Citigroup lifted their price objective on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday. Truist Financial boosted their price target on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.00.
Check Out Our Latest Analysis on VIK
Viking Trading Down 0.9%
Shares of Viking stock traded down $0.63 during trading hours on Wednesday, hitting $71.49. The company’s stock had a trading volume of 1,557,331 shares, compared to its average volume of 1,845,360. The firm has a fifty day moving average of $65.16 and a 200-day moving average of $60.92. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 0.83 and a beta of 2.12. Viking has a twelve month low of $31.79 and a twelve month high of $74.61.
Viking (NYSE:VIK – Get Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. Research analysts forecast that Viking will post 1.49 EPS for the current year.
Institutional Trading of Viking
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking in the 3rd quarter valued at approximately $26,000. Pittenger & Anderson Inc. acquired a new stake in shares of Viking in the 2nd quarter worth about $27,000. Private Trust Co. NA acquired a new stake in shares of Viking in the second quarter valued at approximately $29,000. CI Investments Inc. raised its stake in Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Viking by 342.0% in the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $41,000 after purchasing an additional 513 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
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.