AGF Management Ltd. Acquires New Stake in Viking Holdings Ltd. $VIK

AGF Management Ltd. acquired a new position in Viking Holdings Ltd. (NYSE:VIK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 451,050 shares of the company’s stock, valued at approximately $28,037,000.

Other large investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. bought a new stake in shares of Viking in the 2nd quarter worth $27,000. Private Trust Co. NA bought a new stake in Viking during the second quarter worth $29,000. TFC Financial Management Inc. purchased a new stake in shares of Viking during the 3rd quarter valued at $44,000. Park Place Capital Corp bought a new stake in shares of Viking during the 3rd quarter worth $58,000. Finally, Byrne Asset Management LLC boosted its holdings in shares of Viking by 700.0% in the 3rd quarter. Byrne Asset Management LLC now owns 960 shares of the company’s stock worth $60,000 after buying an additional 840 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIK has been the topic of several research reports. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Wells Fargo & Company increased their price target on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Bank of America upped their price objective on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Morgan Stanley lifted their target price on shares of Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.19.

Viking Stock Performance

NYSE VIK opened at $75.74 on Tuesday. The company’s 50 day simple moving average is $70.43 and its two-hundred day simple moving average is $63.87. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $75.79. The stock has a market capitalization of $33.56 billion, a PE ratio of 35.39, a P/E/G ratio of 0.63 and a beta of 2.08.

Viking (NYSE:VIK) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

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.