Viking Holdings Ltd. $VIK Position Increased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS raised its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 9.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 68,800 shares of the company’s stock after purchasing an additional 6,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Viking were worth $5,389,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Axiom Investment Management LLC grew its position in shares of Viking by 87.2% in the 3rd quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Viking by 3.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 14,000 shares of the company’s stock valued at $1,097,000 after acquiring an additional 516 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Viking by 5.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,099 shares of the company’s stock valued at $1,026,000 after acquiring an additional 646 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of Viking during the 3rd quarter valued at approximately $287,000. Finally, Hughes Financial Services LLC lifted its stake in Viking by 3,953.3% during the third quarter. Hughes Financial Services LLC now owns 608 shares of the company’s stock worth $48,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

VIK stock opened at $87.59 on Monday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39. Viking Holdings Ltd. has a 1 year low of $56.67 and a 1 year high of $110.09. The stock’s fifty day moving average is $84.08 and its two-hundred day moving average is $85.47.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, research analysts predict that Viking Holdings Ltd. will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

VIK has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Barclays lowered their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, August 31st. Wells Fargo & Company increased their target price on shares of Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Bank of America reduced their price target on shares of Viking from $115.00 to $105.00 in a research report on Tuesday, October 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $108.00.

Insider Activity

In other Viking news, EVP Jeffrey Dash sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total value of $2,255,750.00. Following the completion of the transaction, the executive vice president owned 395,022 shares in the company, valued at approximately $35,642,835.06. This represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the completion of the sale, the executive vice president owned 565,571 shares in the company, valued at $51,008,848.49. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,000 shares of company stock worth $5,770,950.

Viking Profile