GCM Grosvenor Holdings LLC Purchases 222,009 Shares of Viking Holdings Ltd (NYSE:VIK)

GCM Grosvenor Holdings LLC raised its position in shares of Viking Holdings Ltd (NYSE:VIK) by 233.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,000 shares of the company’s stock after purchasing an additional 222,009 shares during the period. Viking makes up approximately 2.0% of GCM Grosvenor Holdings LLC’s holdings, making the stock its 12th largest holding. GCM Grosvenor Holdings LLC’s holdings in Viking were worth $13,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Viking by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock worth $408,000 after acquiring an additional 491 shares in the last quarter. Commerce Bank lifted its holdings in shares of Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after acquiring an additional 625 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after acquiring an additional 700 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after purchasing an additional 1,165 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Northcoast Research began coverage on Viking in a report on Friday, April 25th. They set a “buy” rating and a $51.00 target price for the company. Redburn Atlantic upgraded Viking to a “hold” rating in a research report on Tuesday, April 1st. Finally, Melius Research set a $51.00 price objective on Viking in a research report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Trading Up 1.3 %

NYSE:VIK opened at $43.59 on Friday. Viking Holdings Ltd has a 12 month low of $27.60 and a 12 month high of $53.14. The company has a 50-day moving average price of $40.60 and a 200-day moving average price of $44.11. The stock has a market cap of $18.81 billion and a price-to-earnings ratio of 167.67.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Viking 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.