Bull Harbor Capital LLC acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 12,849 shares of the company’s stock, valued at approximately $944,000.
A number of other hedge funds also recently made changes to their positions in the stock. Amundi lifted its stake in shares of Viking by 31.7% during the 1st quarter. Amundi now owns 682,068 shares of the company’s stock valued at $50,118,000 after buying an additional 164,001 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Viking by 62.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,623 shares of the company’s stock worth $340,000 after buying an additional 1,784 shares during the period. Royal Bank of Canada increased its stake in Viking by 21.0% in the 1st quarter. Royal Bank of Canada now owns 341,026 shares of the company’s stock worth $25,058,000 after buying an additional 59,108 shares in the last quarter. Empowered Funds LLC increased its stake in Viking by 2,599.9% in the 1st quarter. Empowered Funds LLC now owns 107,969 shares of the company’s stock worth $7,934,000 after buying an additional 103,970 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its holdings in Viking by 0.9% during the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after acquiring an additional 14,465 shares during the period. 98.84% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
VIK has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price target on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets started coverage on Viking in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price target for the company. Morgan Stanley increased their price objective on shares of Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.39.
Insider Transactions at Viking
In related news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares in the company, valued at $10,868,092.50. The trade was a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 17,566 shares of company stock worth $1,640,166.
More Viking News
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Fleet expansion strengthens capacity. Viking took delivery of the 190-guest Viking Dagur, a new Viking Longship that will operate on the Rhine, Main and Danube rivers. The addition supports Viking’s European capacity and long-term itinerary growth. Viking Takes Delivery of Newest River Ship in Europe
- Positive Sentiment: Viking is targeting Chinese-speaking travelers. The company plans its first Chinese-language journeys in Northern Europe, broadening its addressable customer base and potentially improving international demand and occupancy. Viking: First Chinese-Language Journeys for Northern Europe
- Neutral Sentiment: Investors should distinguish Viking Holdings from Viking Therapeutics. An article discussing oral VK2735 and a potential Phase III trial concerns Viking Therapeutics, Inc. (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore does not represent a catalyst for VIK. Viking expects oral VK2735 Phase III start
- Negative Sentiment: Low water levels caused a river ship to run aground on the Danube in Bulgaria. Travelers were reportedly evacuated, creating potential disruption, reimbursement and reputational risks. The incident appears weather- or water-condition-related, but repeated coverage could weigh on near-term sentiment and highlights operating risks for European river itineraries. Viking ship runs aground in Europe due to low water levels
Viking Trading Up 1.7%
VIK opened at $104.38 on Friday. The firm has a market cap of $46.52 billion, a P/E ratio of 38.80, a P/E/G ratio of 1.18 and a beta of 1.48. Viking Holdings Ltd. has a 12 month low of $55.55 and a 12 month high of $105.76. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The stock has a 50-day moving average of $96.76 and a 200 day moving average of $83.29.
Viking (NYSE:VIK – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned ($0.24) earnings per share. Viking’s revenue was up 17.5% on a year-over-year basis. As a group, research analysts forecast that Viking Holdings Ltd. will post 3.32 EPS 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.
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