Cumberland Partners Ltd boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK – Free Report) by 75.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 70,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Viking were worth $4,999,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new position in Viking during the third quarter worth about $26,000. Activest Wealth Management raised its stake in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the period. Cornerstone Planning Group LLC raised its stake in Viking by 316.0% during the fourth 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. SBI Securities Co. Ltd. raised its stake in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares during the period. Finally, CI Investments Inc. raised its stake in Viking by 53.1% during the third 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. 98.84% of the stock is owned by hedge funds and other institutional investors.
Viking Trading Up 0.5%
Shares of VIK stock opened at $84.31 on Friday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.77 and a current ratio of 0.78. The stock has a market capitalization of $37.57 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.57. The company has a 50 day moving average price of $78.04 and a 200 day moving average price of $72.87. Viking Holdings Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $92.00.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on VIK shares. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. UBS Group lifted their price target on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a research report on Saturday. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.64.
Get Our Latest Stock Report on VIK
Insider Buying and Selling at Viking
In related news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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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