Stephens Investment Management Group LLC grew its stake in Viking Holdings Ltd. (NYSE:VIK – Free Report) by 39.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 956,147 shares of the company’s stock after buying an additional 269,274 shares during the period. Stephens Investment Management Group LLC’s holdings in Viking were worth $68,278,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. S.A. Mason LLC boosted its holdings in shares of Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock valued at $154,000 after buying an additional 150 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Viking by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after purchasing an additional 177 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Viking by 3.3% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock worth $413,000 after purchasing an additional 187 shares during the period. CI Investments Inc. boosted its stake in Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Activity
In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Viking
Key Stories Impacting Viking
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking’s Q1 results showed earnings in line with estimates and revenue above expectations, helped by 17.5% year-over-year growth and strong advanced bookings that suggest demand remains healthy. Article: Viking Shares Rise After First-Quarter Earnings Top Expectations
- Positive Sentiment: Investors are also encouraged by commentary that Viking is well positioned for 2027, with booking trends and cruise demand supporting the growth outlook. Article: Viking Well Positioned for 2027 With Strong Advanced Bookings
- Positive Sentiment: Analysts and market commentary have highlighted Viking’s improving fundamentals, including accelerating booking growth and potential for future rating upgrades. Article: Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Neutral Sentiment: Mizuho raised its price target on Viking to $75 from $69, but kept an underperform rating, signaling mixed analyst sentiment despite the higher target. Article: Viking price target raised by Mizuho
- Neutral Sentiment: Viking announced a CEO transition, naming Leah Talactac as CEO and Torstein Hagen as executive chairman, which adds leadership clarity but also brings a new management structure into focus. Article: Viking announces Leah Talactac as new CEO
- Negative Sentiment: Some commentary points to rising fuel costs and the company’s heavy leverage as risks that could pressure margins and keep investors focused on profitability and debt. Article: Viking Holdings’ revenue growth helps offset rising fuel costs
Viking Stock Performance
NYSE:VIK opened at $83.70 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The firm has a 50-day moving average price of $76.81 and a two-hundred day moving average price of $72.03. Viking Holdings Ltd. has a twelve month low of $42.20 and a twelve month high of $92.00. The company has a market capitalization of $37.30 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57.
Viking (NYSE:VIK – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Viking had a net margin of 18.23% and a return on equity of 166.31%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts expect that Viking Holdings Ltd. will post 3.34 earnings per share for the current fiscal 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.
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