First Dallas Securities Inc. acquired a new position in Viking Holdings Ltd. (NYSE:VIK – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,450 shares of the company’s stock, valued at approximately $915,000.
A number of other hedge funds have also bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new stake in Viking during the 1st quarter valued at $324,000. Patten Group Inc. purchased a new stake in shares of Viking during the first quarter worth $359,000. Keybank National Association OH boosted its holdings in shares of Viking by 46.4% in the first quarter. Keybank National Association OH now owns 15,295 shares of the company’s stock worth $1,124,000 after acquiring an additional 4,845 shares during the period. Root Financial Partners LLC bought a new position in shares of Viking in the first quarter worth $121,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Viking by 304.4% in the first quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock valued at $34,000 after purchasing an additional 344 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Viking News Summary
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking was included in recent shipping-stock watchlists, which can draw investor attention to the name and support trading interest. Shipping Stocks To Watch Today – June 30th
- Neutral Sentiment: Several high-traffic stories about “Viking” in Norway’s World Cup celebrations are unrelated to Viking Holdings and are unlikely to materially affect the stock. ‘Bigger than football’: Norway fans’ Viking row makes waves at World Cup
- Neutral Sentiment: Another shipping-stock roundup also flagged Viking, but it does not appear to include new company-specific catalysts. Shipping Stocks To Keep An Eye On – June 29th
- Neutral Sentiment: The remaining “Viking row” articles are social-media and sports explainer pieces, not business developments for Viking Holdings. What is the ‘Viking row’ and why is Norway doing it at the World Cup?
Analyst Ratings Changes
Insider Transactions at Viking
In related news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the transaction, the executive vice president directly owned 110,930 shares in the company, valued at approximately $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction 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. This trade represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 92,566 shares of company stock valued at $7,657,130.
Viking Trading Down 0.4%
Shares of VIK stock opened at $100.30 on Friday. The company has a market capitalization of $44.70 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.48. Viking Holdings Ltd. has a 52-week low of $54.16 and a 52-week high of $105.76. The business’s fifty day moving average is $90.09 and its 200 day moving average is $79.52. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.
Viking (NYSE:VIK – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal 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.
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