Voya Investment Management LLC Sells 69,449 Shares of Viking Holdings Ltd. $VIK

Voya Investment Management LLC lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 78.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,861 shares of the company’s stock after selling 69,449 shares during the period. Voya Investment Management LLC’s holdings in Viking were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pittenger & Anderson Inc. purchased a new position in Viking during the second quarter valued at $27,000. Private Trust Co. NA purchased a new position in Viking in the second quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Viking during the 2nd quarter valued at $53,000. NewEdge Advisors LLC increased its holdings in Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after acquiring an additional 332 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

VIK has been the subject of a number of research reports. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Mizuho set a $59.00 target price on shares of Viking in a report on Wednesday, November 19th. UBS Group increased their price target on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a research note on Monday. Finally, Truist Financial lifted their target price on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Viking Trading Down 1.1%

Shares of Viking stock opened at $72.09 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The firm’s 50-day moving average price is $64.95 and its 200 day moving average price is $60.85. The firm has a market capitalization of $31.95 billion, a PE ratio of 33.69, a P/E/G ratio of 0.84 and a beta of 2.12. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $74.61.

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