Viking Holdings Ltd. $VIK Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in Viking Holdings Ltd. (NYSE:VIK) by 46.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,346 shares of the company’s stock after purchasing an additional 75,576 shares during the period. Calamos Advisors LLC’s holdings in Viking were worth $17,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after purchasing an additional 570,672 shares during the period. Federated Hermes Inc. increased its position in Viking by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after buying an additional 136,918 shares during the period. Norges Bank bought a new stake in Viking in the fourth quarter valued at $372,297,000. AQR Capital Management LLC lifted its stake in Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after buying an additional 3,364,265 shares during the last quarter. Finally, Dream Peak Capital Ltd bought a new stake in Viking in the fourth quarter valued at $223,744,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

NYSE VIK opened at $97.58 on Wednesday. Viking Holdings Ltd. has a 12 month low of $55.55 and a 12 month high of $105.76. The firm has a market capitalization of $43.49 billion, a PE ratio of 36.28, a P/E/G ratio of 1.41 and a beta of 1.48. The company’s 50 day simple moving average is $92.69 and its 200 day simple moving average is $80.94. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.24) earnings per share. As a group, equities research analysts forecast that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Insider Buying and Selling at Viking

In other news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction 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 $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 17,566 shares of company stock valued at $1,640,166 in the last ninety days.

Analysts Set New Price Targets

VIK has been the subject of several recent research reports. BNP Paribas Exane restated an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday. Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, May 15th. Sanford C. Bernstein initiated coverage on shares of Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 target price for the company. Morgan Stanley upped their target price on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.17.

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.