Viking Holdings Ltd. $VIK Holdings Reduced by U S Global Investors Inc.

U S Global Investors Inc. trimmed its stake in Viking Holdings Ltd. (NYSE:VIK) by 88.2% in the third quarter, HoldingsChannel.com reports. The fund owned 2,235 shares of the company’s stock after selling 16,700 shares during the quarter. U S Global Investors Inc.’s holdings in Viking were worth $175,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VIK. GAMMA Investing LLC lifted its position in shares of Viking by 18.3% in the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC increased its position in Viking by 3.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,251 shares of the company’s stock worth $490,000 after purchasing an additional 218 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 255 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Viking in the 2nd quarter valued at about $31,000. Finally, Basecamp Wealth Advisors LLC acquired a new position in Viking in the 1st quarter valued at about $25,000. 98.84% of the stock is owned by institutional investors and hedge funds.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: No recent company-specific positive catalysts were identified in the supplied articles. Viking Holdings’ latest reported quarter nevertheless showed solid fundamentals, with revenue up 16.5% year over year and earnings exceeding analysts’ expectations.
• Neutral Sentiment: Articles about Viking FK’s Champions League match against Aston Villa, its players and predictions concern a separate soccer organization—not Viking Holdings Ltd.—and should not affect NYSE: VIK. Aston Villa sink Viking
• Neutral Sentiment: Stories about Viking settlements and archaeological discoveries likewise refer to Norse history and have no connection to Viking Holdings’ cruise business. Hidden Viking settlement
• Negative Sentiment: Susquehanna issued a pessimistic forecast for Viking Holdings’ stock, adding analyst-related pressure to the shares. The report does not indicate a change in the company’s operations, but a cautious price outlook can weigh on investor sentiment, particularly while the stock is trading below its longer-term moving average. Susquehanna pessimistic forecast for Viking

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president directly owned 585,571 shares of the company’s stock, valued at $50,107,310.47. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Viking Trading Down 2.0%

Shares of VIK stock opened at $84.96 on Friday. Viking Holdings Ltd. has a 1-year low of $56.37 and a 1-year high of $110.09. The firm’s 50-day simple moving average is $85.41 and its 200-day simple moving average is $89.87. The firm has a market cap of $37.87 billion, a P/E ratio of 28.23, a PEG ratio of 1.05 and a beta of 1.47. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VIK shares. The Goldman Sachs Group raised their price target on shares of Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Morgan Stanley boosted their price objective on shares of Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday. Mizuho upped their price objective on shares of Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, August 24th. BMO Capital Markets reissued an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Finally, Benchmark upgraded shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. 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. Based on data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $106.61.

Viking Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-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 United States.