GAM Holding AG Lowers Stake in Viking Holdings Ltd. $VIK

GAM Holding AG lowered its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 31.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 224,801 shares of the company’s stock after selling 101,200 shares during the period. GAM Holding AG owned about 0.05% of Viking worth $11,980,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in Viking in the 2nd quarter worth $815,000. Spire Wealth Management bought a new stake in Viking in the 2nd quarter worth $789,000. Wealth Management Associates Inc. bought a new stake in Viking in the 2nd quarter worth $250,000. Envestnet Asset Management Inc. grew its holdings in Viking by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock worth $1,555,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Atlatl Advisers LLC bought a new stake in Viking in the 2nd quarter worth $285,000. Institutional investors own 98.84% of the company’s stock.

Viking Trading Up 1.4%

Shares of VIK opened at $60.36 on Friday. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $65.37. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 0.70 and a beta of 2.24. The firm’s 50-day moving average price is $61.38 and its 200-day moving average price is $54.05. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK) last posted its quarterly earnings data 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 business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm earned $0.89 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VIK shares. Bank of America raised their price target on shares of Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group raised their price target on shares of Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Morgan Stanley raised their price target on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Truist Financial lifted their target price on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, September 19th. Finally, Barclays lifted their target price on shares of Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

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.