Viking Holdings Ltd. $VIK Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 51.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,404 shares of the company’s stock after purchasing an additional 14,450 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Viking were worth $2,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Central Pacific Bank Trust Division raised its stake in shares of Viking by 2.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock worth $633,000 after buying an additional 274 shares during the period. Cerity Partners LLC increased its holdings in Viking by 1.7% in the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company’s stock worth $759,000 after acquiring an additional 324 shares in the last quarter. Harbour Investments Inc. raised its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after acquiring an additional 346 shares during the period. Commerce Bank lifted its holdings in Viking by 4.7% during the first quarter. Commerce Bank now owns 8,936 shares of the company’s stock valued at $355,000 after purchasing an additional 399 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VIK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a research note on Saturday, September 27th. Morgan Stanley lifted their price target on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. UBS Group boosted their price target on Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Truist Financial raised their price objective on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus upped their target price on shares of Viking from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.29.

Viking Stock Performance

NYSE VIK opened at $59.80 on Tuesday. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The stock’s fifty day moving average is $60.83 and its two-hundred day moving average is $51.52. The firm has a market capitalization of $26.50 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 0.71 and a beta of 2.24. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $65.37.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 18.5% on a year-over-year basis. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.