M&T Bank Corp Invests $662,000 in Viking Holdings Ltd. $VIK

M&T Bank Corp purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIKFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,269 shares of the company’s stock, valued at approximately $662,000.

Several other institutional investors have also modified their holdings of VIK. Newbridge Financial Services Group Inc. bought a new position in Viking in the 3rd quarter valued at about $26,000. CI Investments Inc. grew its position in Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC grew its position in Viking by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $39,000 after buying an additional 334 shares in the last quarter. Steph & Co. bought a new position in Viking in the 4th quarter valued at about $40,000. Finally, Allworth Financial LP grew its position in Viking by 342.0% in the 3rd quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after buying an additional 513 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Viking Stock Performance

NYSE:VIK opened at $81.47 on Friday. Viking Holdings Ltd. has a twelve month low of $41.30 and a twelve month high of $87.00. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The company has a 50-day moving average of $75.73 and a 200-day moving average of $70.55. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57.

Viking (NYSE:VIKGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company had revenue of $1.72 billion during the quarter. Analysts forecast that Viking Holdings Ltd. will post 3.31 earnings per share for the current fiscal year.

More Viking News

Here are the key news stories impacting Viking this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VIK shares. Truist Financial increased their target price on shares of Viking from $61.00 to $75.00 and gave the company a “hold” rating in a research report on Tuesday, March 24th. Wells Fargo & Company increased their target price on shares of Viking from $78.00 to $79.00 and gave the company a “cautious” rating in a research report on Wednesday, April 15th. Barclays decreased their target price on shares of Viking from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Mizuho increased their target price on shares of Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, March 5th. Finally, Stifel Nicolaus increased their target price on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Check Out Our Latest Analysis on VIK

Viking Profile

(Free Report)

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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Institutional Ownership by Quarter for Viking (NYSE:VIK)

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