Sei Investments Co. Boosts Holdings in Viking Holdings Ltd. $VIK

Sei Investments Co. raised its position in Viking Holdings Ltd. (NYSE:VIK) by 42.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,872 shares of the company’s stock after acquiring an additional 135,780 shares during the period. Sei Investments Co.’s holdings in Viking were worth $33,424,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optimize Financial Inc increased its position in shares of Viking by 1.4% during the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock worth $688,000 after purchasing an additional 136 shares in the last quarter. S.A. Mason LLC boosted its position in shares of Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock worth $154,000 after purchasing an additional 150 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in shares of Viking by 1.3% in the 4th quarter. Hohimer Wealth Management LLC now owns 16,694 shares of the company’s stock worth $1,192,000 after purchasing an additional 218 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Viking by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company’s stock worth $137,000 after buying an additional 255 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIK. Morgan Stanley increased their price target on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. UBS Group restated a “buy” rating and set a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. Susquehanna upped their price objective on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Stifel Nicolaus set a $105.00 target price on shares of Viking in a research note on Friday, May 15th. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.39.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 17,566 shares of company stock worth $1,640,166.

Viking Stock Up 2.3%

Shares of VIK stock opened at $103.00 on Tuesday. The stock’s 50-day simple moving average is $95.51 and its 200-day simple moving average is $82.63. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The firm has a market capitalization of $45.90 billion, a PE ratio of 38.29, a P/E/G ratio of 1.16 and a beta of 1.48. Viking Holdings Ltd. has a fifty-two week low of $55.55 and a fifty-two week high of $105.76.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS 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 company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Equities analysts expect that Viking Holdings Ltd. will post 3.32 earnings per share for the current year.

About Viking

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.