Janney Montgomery Scott LLC Grows Stake in Viking Holdings Ltd. $VIK

Janney Montgomery Scott LLC boosted its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 25.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,897 shares of the company’s stock after acquiring an additional 9,191 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Viking were worth $3,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares during the period. Prudential Financial Inc. purchased a new stake in Viking during the 2nd quarter valued at $303,000. Daiwa Securities Group Inc. purchased a new stake in Viking during the 2nd quarter valued at $922,000. State Street Corp lifted its position in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after buying an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its position in Viking by 275.0% in the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the sale, the executive vice president owned 110,930 shares in the company, valued at approximately $10,460,699. The trade was a 5.23% decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 63,935 shares of company stock valued at $5,360,351.

Analyst Ratings Changes

Several research firms have commented on VIK. Sanford C. Bernstein assumed coverage on shares of Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price objective for the company. Susquehanna raised their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Loop Capital assumed coverage on shares of Viking in a report on Monday, June 1st. They set a “buy” rating and a $108.00 price target on the stock. Finally, UBS Group reissued a “buy” rating and issued a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.47.

Viking Stock Performance

VIK stock opened at $100.14 on Wednesday. Viking Holdings Ltd. has a twelve month low of $54.78 and a twelve month high of $105.76. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.45 and a beta of 1.48. The business’s fifty day simple moving average is $90.85 and its two-hundred day simple moving average is $80.01. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.24) earnings per share. Analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current 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.