Viking Holdings Ltd. $VIK Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lessened its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 21.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 115,371 shares of the company’s stock after selling 30,982 shares during the period. Boothbay Fund Management LLC’s holdings in Viking were worth $8,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management raised its stake in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after buying an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Viking during the 4th quarter worth $28,000. Cornerstone Planning Group LLC raised its stake in shares of Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying an additional 365 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Viking during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: VIK has strong technical momentum, trading near its 52-week high and above key moving averages, which suggests continued investor confidence in the cruise operator’s growth outlook.
• Positive Sentiment: Analysts remain broadly constructive on Viking, with a “Moderate Buy” consensus and price targets that cluster near or above current levels, including recent upgrades and a $108 target from Loop Capital.
• Neutral Sentiment: Recent coverage comparing VIK with another leisure stock and broader “shipping stocks” watchlist pieces may keep the name in focus, but they do not appear to provide a direct new catalyst for Viking’s business.
• Negative Sentiment: EVP Richard Marnell disclosed multiple share sales over the past few trading days, including larger transactions on June 12 and June 15. While he still holds a sizable stake, insider selling can raise caution among some investors. SEC filing

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VIK. Susquehanna lifted their price target on Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Viking in a research note on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $86.00 price target (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Finally, Mizuho boosted their target price on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Trading Up 0.7%

Shares of VIK stock opened at $94.70 on Thursday. The firm has a 50-day moving average price of $84.92 and a 200 day moving average price of $76.75. Viking Holdings Ltd. has a twelve month low of $47.02 and a twelve month high of $97.20. The company has a market capitalization of $42.21 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.36 and a beta of 1.59. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. Research analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the completion of the sale, the executive vice president owned 110,930 shares in the company, valued at approximately $10,460,699. The trade was a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 92,566 shares of company stock valued at $7,657,130 in the last 90 days.

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.