Knights of Columbus Asset Advisors LLC Sells 19,495 Shares of Viking Holdings Ltd. $VIK

Knights of Columbus Asset Advisors LLC lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 46.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 22,909 shares of the company’s stock after selling 19,495 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Viking were worth $1,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. Pittenger & Anderson Inc. bought a new position in shares of Viking in the second quarter valued at approximately $27,000. Private Trust Co. NA purchased a new position in Viking in the second quarter worth $29,000. TFC Financial Management Inc. bought a new position in Viking in the 3rd quarter valued at $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Viking in the 2nd quarter valued at $53,000. Finally, NewEdge Advisors LLC increased its position in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Mizuho set a $59.00 price objective on shares of Viking in a research report on Wednesday, November 19th. Bank of America boosted their target price on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. UBS Group increased their target price on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Barclays raised their price target on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.19.

Viking Stock Performance

NYSE VIK opened at $72.14 on Friday. The firm has a market cap of $31.97 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 0.65 and a beta of 2.07. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. The company’s 50 day moving average is $70.19 and its 200-day moving average is $63.69. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $74.83.

Viking (NYSE:VIK) last released its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business earned $0.89 EPS. Viking’s revenue was up 19.1% compared to the same quarter last year. Sell-side analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.