Short Interest in Viking Holdings Ltd (NYSE:VIK) Drops By 64.0%

Viking Holdings Ltd (NYSE:VIK) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 584,000 shares, a decline of 64.0% from the October 15th total of 1,620,000 shares. Based on an average daily trading volume, of 1,920,000 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of Viking

A number of hedge funds have recently made changes to their positions in VIK. Avior Wealth Management LLC purchased a new position in Viking during the third quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Viking in the 2nd quarter worth about $35,000. Sunbelt Securities Inc. purchased a new stake in Viking during the 2nd quarter valued at about $68,000. American National Bank bought a new stake in Viking during the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC purchased a new position in Viking in the third quarter worth about $181,000.

Analyst Ratings Changes

A number of analysts have recently issued reports on VIK shares. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $49.00 in a report on Tuesday. Wells Fargo & Company raised their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus raised their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Barclays upped their price target on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.58.

Viking Trading Down 0.9 %

Viking stock traded down $0.40 on Wednesday, hitting $45.45. 930,897 shares of the stock traded hands, compared to its average volume of 1,862,004. Viking has a 1 year low of $25.71 and a 1 year high of $46.13. The firm has a fifty day moving average of $37.00.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Analysts predict that Viking will post 1.13 earnings per share 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.