Viking Holdings Ltd. $VIK Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its holdings in Viking Holdings Ltd. (NYSE:VIK) by 17.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,743 shares of the company’s stock after selling 9,790 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Viking were worth $3,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VIK. Wellington Management Group LLP increased its stake in shares of Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after purchasing an additional 5,341,580 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Viking by 41.0% during the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after purchasing an additional 647,606 shares in the last quarter. Ninety One UK Ltd lifted its stake in shares of Viking by 229.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after purchasing an additional 1,358,007 shares during the last quarter. Evercore Wealth Management LLC lifted its stake in shares of Viking by 0.9% in the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after purchasing an additional 14,465 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Viking by 14.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,248,078 shares of the company’s stock valued at $97,600,000 after purchasing an additional 161,532 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Viking from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, September 28th. Morgan Stanley raised their target price on Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Benchmark raised Viking to a “strong-buy” rating in a research report on Friday, September 25th. Susquehanna reduced their price target on Viking from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Tuesday, October 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.44.

More Viking News

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Wells Fargo lowered its price target to $118 from $128 but kept an Overweight rating. The revised target still implies substantial upside from the price cited in the report, though the cut signals a more cautious valuation view. Wells Fargo stock recommendations
• Negative Sentiment: Zacks said Viking lacks the combination of factors it looks for when assessing the likelihood of an earnings beat in next week’s report. That could weigh on expectations, despite the article’s reference to anticipated earnings growth. Zacks earnings preview
• Negative Sentiment: Two reports say a Viking executive sold shares worth about $4.1 million combined. Insider sales can raise investor concerns, although they do not necessarily indicate a change in the company’s outlook. Executive stock sale report one Executive stock sale report two

Viking Price Performance

Shares of Viking stock opened at $87.99 on Wednesday. The firm has a fifty day simple moving average of $84.09 and a 200-day simple moving average of $85.65. 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 Holdings Ltd. has a 1-year low of $56.67 and a 1-year high of $110.09. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.05 and a beta of 1.39.

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

Insiders Place Their Bets

In other Viking news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 565,571 shares in the company, valued at $51,008,848.49. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey Dash sold 25,000 shares of the company’s stock in a transaction dated 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 owned 395,022 shares of the company’s stock, valued at $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 65,000 shares of company stock valued at $5,770,950.

Viking Company Profile

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.