Seven Grand Managers LLC Buys New Shares in Viking Holdings Ltd. $VIK

Seven Grand Managers LLC bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company’s stock, valued at approximately $3,570,000.

Several other hedge funds have also made changes to their positions in VIK. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking in the third quarter valued at about $26,000. Activest Wealth Management lifted its stake in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Viking News Summary

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking announced its 2028-2029 World Cruise itineraries, including a 142-day world cruise aboard Viking Vesta, spanning six continents and 31 countries. The announcement highlights strong long-term booking visibility and supports the company’s growth narrative. Viking Announces 2028-2029 World Cruise Itineraries
• Positive Sentiment: Viking said it took delivery of the Viking Mira, its newest ocean ship, adding capacity to the fleet. New ship deliveries can support future revenue growth by expanding the number of guests the company can carry. Viking Takes Delivery of Newest Ocean Ship
• Positive Sentiment: News reports noted Viking shares were among the cruise names soaring, suggesting broader investor enthusiasm for the sector and momentum in travel-related stocks. Royal Caribbean and Viking shares are soaring, what you need to know
• Neutral Sentiment: Coverage highlighted Viking’s upcoming ship deliveries and order book, which reinforces growth plans but does not appear to include new financial guidance or a change in outlook. Viking Holdings updates on its upcoming ship deliveries and order book
• Negative Sentiment: A travel article raised questions about extra charges that can still apply despite Viking’s “more is included” marketing, which could slightly pressure sentiment if consumers focus on pricing transparency. Viking says more is included – then cruisers find the charges that still hit later

Viking Stock Up 5.6%

Shares of VIK opened at $92.64 on Thursday. The stock has a market cap of $41.29 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.27 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. Viking Holdings Ltd. has a 12 month low of $43.41 and a 12 month high of $92.75. The company has a 50-day moving average price of $79.19 and a two-hundred day moving average price of $73.61.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VIK shares. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Mizuho raised their price target on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. UBS Group restated a “buy” rating and set a $100.00 price target on shares of Viking in a research note on Wednesday. Morgan Stanley restated 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, Citigroup restated a “buy” rating on shares of Viking in a research note on Friday, May 15th. Eleven 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.86.

Viking Company 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.