WCM Investment Management LLC Takes $6.22 Million Position in Viking Holdings Ltd (NYSE:VIK)

WCM Investment Management LLC purchased a new position in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, Holdings Channel reports. The fund purchased 141,281 shares of the company’s stock, valued at approximately $6,218,000.

Other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new position in Viking in the third quarter valued at about $1,269,000. U S Global Investors Inc. bought a new stake in shares of Viking in the 3rd quarter worth approximately $1,169,000. International Assets Investment Management LLC purchased a new position in Viking in the third quarter valued at approximately $2,222,000. Renaissance Capital LLC lifted its stake in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after purchasing an additional 9,527 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

VIK has been the topic of a number of recent research reports. Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target on the stock. Loop Capital began coverage on shares of Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus raised their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.13.

Viking Price Performance

NYSE:VIK opened at $52.85 on Monday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The stock has a fifty day moving average of $46.37 and a 200 day moving average of $40.54.

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.