Calamos Wealth Management LLC Purchases New Shares in Viking Holdings Ltd. $VIK

Calamos Wealth Management LLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the first quarter, HoldingsChannel reports. The fund purchased 47,055 shares of the company’s stock, valued at approximately $3,458,000.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. grew its position in shares of Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Viking by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after buying an additional 136,918 shares in the last quarter. Norges Bank bought a new stake in shares of Viking in the fourth quarter valued at approximately $372,297,000. AQR Capital Management LLC boosted its stake in shares of 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 period. Finally, Dream Peak Capital Ltd bought a new stake in shares of Viking in the fourth quarter valued at approximately $223,744,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VIK. Loop Capital assumed coverage on Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 price objective on the stock. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. increased their target price on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, The Goldman Sachs Group raised their price target on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.18.

Viking Stock Performance

NYSE VIK opened at $98.12 on Tuesday. The firm’s fifty day moving average price is $92.37 and its two-hundred day moving average price is $80.76. The stock has a market cap of $43.73 billion, a PE ratio of 36.48, a PEG ratio of 1.43 and a beta of 1.48. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. 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 announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned ($0.24) EPS. Viking’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 17,566 shares of company stock valued at $1,640,166.

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.