PVG Asset Management Corp Makes New Investment in Viking Holdings Ltd. $VIK

PVG Asset Management Corp purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,715 shares of the company’s stock, valued at approximately $1,008,000.

A number of other hedge funds have also recently added to or reduced their stakes in VIK. Invesco Ltd. lifted its position in shares of Viking by 4.1% in the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after buying an additional 570,672 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Viking by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after purchasing an additional 136,918 shares during the period. Norges Bank bought a new stake in shares of Viking in the 4th quarter worth approximately $372,297,000. AQR Capital Management LLC increased its position in Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after buying an additional 3,364,265 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Viking by 28.8% during the 3rd quarter. Two Sigma Investments LP now owns 2,690,678 shares of the company’s stock valued at $167,253,000 after purchasing an additional 600,890 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 17,566 shares of company stock worth $1,640,166 over the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VIK shares. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $79.00 to $109.00 in a research note on Monday, May 18th. UBS Group reaffirmed a “buy” rating and set a $100.00 target price on shares of Viking in a report on Wednesday, May 27th. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 price target (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. Barclays raised their target price on shares of Viking from $88.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group increased their price objective on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average price target of $104.06.

Viking Trading Down 0.2%

Shares of VIK opened at $104.17 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The stock has a market cap of $46.43 billion, a PE ratio of 38.72, a PEG ratio of 1.20 and a beta of 1.50. Viking Holdings Ltd. has a 1 year low of $55.55 and a 1 year high of $105.86. The stock has a 50 day simple moving average of $97.16 and a 200-day simple moving average of $83.51.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned ($0.24) EPS. Viking’s quarterly revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts predict that Viking Holdings Ltd. will post 3.32 EPS for the current fiscal year.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Goldman Sachs raised its price target to $120 from $108 and upgraded Viking to “Buy,” implying approximately 15% upside from the referenced price. The endorsement may support investor confidence and reflects a more favorable outlook for Viking’s earnings and growth. Benzinga
• Positive Sentiment: Viking took delivery of the new European river ship Viking Dagur, adding capacity to its fleet and supporting future itinerary growth. Viking Takes Delivery of Viking Dagur in Europe
• Positive Sentiment: Viking announced its first Chinese-language journeys for Northern Europe, expanding its addressable customer base and potentially improving demand from Chinese-speaking travelers. Viking First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: A report about oral VK2735 entering Phase III development concerns Viking Therapeutics (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore should not affect VIK’s valuation. Viking Therapeutics VK2735 Development
• Negative Sentiment: A Viking river ship ran aground on the Danube in Bulgaria amid unusually low water levels, and travelers were reportedly evacuated. Although the incident appears weather- or water-level-related, disruptions, customer compensation, and negative publicity could weigh modestly on near-term results and brand perception. Viking Ship Runs Aground in Europe

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.