BW Gestao de Investimentos Ltda. Invests $3.34 Million in Viking Holdings Ltd. $VIK

BW Gestao de Investimentos Ltda. bought a new position in Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,782 shares of the company’s stock, valued at approximately $3,341,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Viking in the 3rd quarter valued at approximately $26,000. Activest Wealth Management boosted its holdings 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 period. Cornerstone Planning Group LLC boosted its holdings 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 period. SBI Securities Co. Ltd. boosted its holdings 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 period. Finally, CI Investments Inc. raised its stake in Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VIK. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and upped their target price for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Susquehanna boosted their price target on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on shares of Viking in a research note on Friday, May 15th. Loop Capital started coverage on shares of Viking in a research note on Monday. They issued a “buy” rating and a $108.00 target price for the company. Finally, UBS Group reiterated a “buy” rating and issued a $100.00 target price on shares of Viking in a research note on Wednesday, May 27th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.80.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking officially named its newest ocean ship, Viking Mira, in Venice, continuing the expansion of its fleet and reinforcing demand for its premium cruise offerings. Viking Names Newest Ocean Ship in Italy
• Positive Sentiment: Coverage highlighting Viking’s “no nickel-and-diming” cruise model may support the investment case by emphasizing its value proposition and customer-friendly pricing structure, which can help booking retention and pricing power. Included tours, no dining charges: Why I love Viking’s ‘no nickel-and-diming’ philosophy — and you will, too
• Positive Sentiment: Reports that Viking’s ship Viking Sea marked ten years of service highlight fleet longevity and the company’s established presence in the cruise market. Viking Sea Marks Ten Years of Service
• Neutral Sentiment: Several articles about historical Viking artifacts, a Viking-themed game, and a cruise itinerary on Viking’s 2028 world cruise add publicity around the brand name, but they are unlikely to materially affect VIK shares on their own.
• Neutral Sentiment: A Zacks comparison of LTH vs. VIK frames Viking as a value-stock candidate, but this is more commentary than a direct business catalyst. LTH vs. VIK: Which Stock Is the Better Value Option?

Viking Stock Down 2.6%

Shares of VIK opened at $89.43 on Wednesday. The firm has a market capitalization of $39.85 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.33 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The business’s fifty day moving average price is $80.40 and its two-hundred day moving average price is $74.30. Viking Holdings Ltd. has a 52 week low of $45.36 and a 52 week high of $93.70.

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

Viking Profile

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.