Viking Holdings Ltd. $VIK Stock Acquired by Ninety One UK Ltd

Ninety One UK Ltd increased its holdings in Viking Holdings Ltd. (NYSE:VIK) by 229.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,949,815 shares of the company’s stock after buying an additional 1,358,007 shares during the quarter. Ninety One UK Ltd’s holdings in Viking were worth $152,729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIK. The Manufacturers Life Insurance Company boosted its holdings in Viking by 19.8% during the first quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company’s stock valued at $42,762,000 after purchasing an additional 96,166 shares in the last quarter. Junto Capital Management LP acquired a new position in shares of Viking in the 2nd quarter worth approximately $53,317,000. WINTON GROUP Ltd acquired a new position in shares of Viking in the 2nd quarter worth approximately $7,535,000. PVG Asset Management Corp bought a new position in shares of Viking during the 1st quarter worth approximately $1,008,000. Finally, Scholtz & Company LLC bought a new position in shares of Viking during the 2nd quarter worth approximately $1,744,000. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Viking

In related news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the transaction, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. This represents a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

VIK has been the topic of several recent analyst reports. Truist Financial reduced their target price on shares of Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Barclays dropped their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, August 31st. BMO Capital Markets reissued an “outperform” rating on shares of Viking in a report on Wednesday, August 26th. Weiss Ratings upgraded shares of Viking from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Mizuho upped their price objective on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.83.

Viking Price Performance

VIK stock traded up $0.65 during midday trading on Thursday, reaching $83.25. 829,675 shares of the company’s stock traded hands, compared to its average volume of 3,072,272. The company has a 50-day simple moving average of $87.74 and a two-hundred day simple moving average of $89.35. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 1-year low of $56.37 and a 1-year high of $110.09. The company has a market cap of $37.10 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 0.98 and a beta of 1.47.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. On average, analysts anticipate that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Viking News Summary

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Limited relevance to Viking Holdings: Articles about Viking FK’s draw with Bayern Munich, player performances, and alleged on-field antics refer to a soccer club and are unrelated to Viking Holdings’ cruise operations. Bodø/Glimt star slams Viking FK antics Champions League scores
• Neutral Sentiment: Viking Cruises promotional coverage: A lifestyle article highlights Viking River Cruises’ onboard alcohol policy and lack of corkage fees. While this may support consumer awareness of the brand, it contains no booking, pricing, revenue, or profitability data and is unlikely to materially affect VIK’s valuation. Viking River Cruises alcohol policy
• Neutral Sentiment: Historical Viking stories: Reports on human remains, violence, and a suspected Viking raid are archaeological features with no connection to Viking Holdings’ business or stock. Human bones found in Viking homes Viking raid mass grave

Viking Company Profile

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.