Viking Holdings Ltd. $VIK Position Reduced by Walter Public Investments Inc.

Walter Public Investments Inc. trimmed its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 57.7% during the third quarter, Holdings Channel reports. The firm owned 27,588 shares of the company’s stock after selling 37,700 shares during the period. Walter Public Investments Inc.’s holdings in Viking were worth $2,161,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VIK. Wellington Management Group LLP raised its holdings in shares of Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after buying an additional 5,341,580 shares in the last quarter. Ninety One UK Ltd grew its position in Viking by 229.5% in the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after acquiring an additional 1,358,007 shares during the period. Bank of America Corp DE grew its position in Viking by 41.0% in the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after acquiring an additional 647,606 shares during the period. Corient Private Wealth LP bought a new stake in Viking in the second quarter valued at $57,131,000. Finally, Junto Capital Management LP acquired a new position in Viking during the second quarter worth $53,317,000. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Up 2.3%

NYSE:VIK opened at $90.05 on Thursday. Viking Holdings Ltd. has a 1 year low of $56.67 and a 1 year high of $110.09. The stock has a 50-day moving average price of $84.19 and a two-hundred day moving average price of $85.76. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 1.06 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK) last released its quarterly earnings results 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 last year, the firm posted $0.99 earnings per share. Viking’s revenue was up 16.5% compared to the same quarter last year. As a group, equities analysts expect that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the sale, the executive vice president directly owned 395,022 shares in the company, valued at approximately $35,642,835.06. This trade represents a 5.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the completion of the transaction, the executive vice president directly owned 565,571 shares in the company, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 65,000 shares of company stock valued at $5,770,950.

Analyst Ratings Changes

VIK has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of Viking in a report on Wednesday, August 26th. 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. Morgan Stanley lifted their target price on shares of Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Jefferies Financial Group increased their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group lifted their target price on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.44.

About Viking

Viking Holdings Ltd. operates cruise voyages through its Viking brand, offering river, ocean and expedition cruises. Its trips are designed around destination-focused itineraries and include onboard cultural and educational programming. The company’s river cruises visit destinations across Europe, Asia, Egypt and the United States, while its ocean and expedition voyages travel to regions around the world. Viking began as a river cruise company in 1997 and later expanded into ocean and expedition cruising.