Viking Holdings Ltd (NYSE:VIK) Stock Holdings Lowered by Seven Grand Managers LLC

Seven Grand Managers LLC reduced its position in Viking Holdings Ltd (NYSE:VIK) by 38.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the company’s stock after selling 125,000 shares during the period. Viking comprises approximately 4.0% of Seven Grand Managers LLC’s holdings, making the stock its 5th largest position. Seven Grand Managers LLC’s holdings in Viking were worth $8,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC grew its stake in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after acquiring an additional 285 shares during the period. Quarry LP bought a new position in Viking during the fourth quarter valued at approximately $66,000. Golden State Wealth Management LLC purchased a new stake in Viking in the fourth quarter worth approximately $73,000. New York State Common Retirement Fund bought a new stake in Viking in the 4th quarter worth approximately $119,000. Finally, Rhumbline Advisers purchased a new stake in Viking during the 4th quarter valued at $130,000. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

Shares of NYSE VIK opened at $46.19 on Friday. The stock has a market cap of $19.93 billion and a PE ratio of 177.65. Viking Holdings Ltd has a 1 year low of $27.93 and a 1 year high of $53.14. The firm has a fifty day moving average price of $40.64 and a 200-day moving average price of $44.34.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Loop Capital initiated coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. Morgan Stanley lowered their target price on Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Northcoast Research initiated coverage on Viking in a research note on Friday, April 25th. They set a “buy” rating and a $51.00 price target for the company. UBS Group upped their price target on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Finally, Redburn Atlantic raised shares of Viking to a “hold” rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.89.

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.