Norris Perne & French LLP MI Acquires New Shares in Viking Holdings Ltd. $VIK

Norris Perne & French LLP MI acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 104,951 shares of the company’s stock, valued at approximately $8,221,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VIK. The Manufacturers Life Insurance Company increased its holdings in Viking by 19.8% in the first quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company’s stock valued at $42,762,000 after buying an additional 96,166 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Viking in the second quarter worth about $7,535,000. Junto Capital Management LP acquired a new position in shares of Viking in the second quarter worth about $53,317,000. PVG Asset Management Corp purchased a new stake in shares of Viking during the 1st quarter worth about $1,008,000. Finally, Scholtz & Company LLC purchased a new stake in shares of Viking during the 2nd quarter worth about $1,744,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Down 3.1%

VIK opened at $82.33 on Friday. Viking Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The company has a 50-day moving average price of $85.11 and a 200 day moving average price of $89.82. The company has a market cap of $36.69 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 0.99 and a beta of 1.47.

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

Insider Activity at Viking

In other Viking news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the completion of the transaction, the executive vice president owned 585,571 shares of the company’s stock, valued at $50,107,310.47. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several brokerages recently weighed in on VIK. Wells Fargo & Company lifted their price target on Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Truist Financial lowered their price target on Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Benchmark upgraded Viking to a “strong-buy” rating in a research report on Friday, September 25th. Morgan Stanley upped their target price on Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.61.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: VIK was included in a broader shipping-stocks watchlist, but the report does not identify a specific new catalyst, contract, or earnings update for Viking Holdings. Shipping Stocks To Watch Today – October 21st
• Neutral Sentiment: Several articles concern Viking FK, a Norwegian soccer club, including its Champions League loss to Aston Villa and coverage of captain Zlatko Tripić. These stories are unrelated to Viking Holdings Ltd. and should not affect the stock. Barkley and Buendía on target as Aston Villa sink Viking Unai Emery’s tactical masterclass helps Aston Villa cruise past Viking
• Neutral Sentiment: Articles about Viking-era settlements, archaeological discoveries, and Norwegian history also refer to historical Vikings rather than the publicly traded cruise operator, providing no meaningful stock catalyst. The hidden Viking settlement found in North America
• Negative Sentiment: Susquehanna issued a pessimistic forecast for Viking Holdings’ stock price. The bearish research tone likely weighed on investor confidence, particularly as VIK already carries substantial leverage and is trading below its longer-term moving averages. Susquehanna Issues Pessimistic Forecast for Viking Stock Price

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.