Y Intercept Hong Kong Ltd Has $2.80 Million Position in Viking Holdings Ltd. $VIK

Y Intercept Hong Kong Ltd lowered its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 44.9% in the first quarter, HoldingsChannel reports. The firm owned 38,153 shares of the company’s stock after selling 31,074 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Viking were worth $2,803,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in shares of Viking during the first quarter worth approximately $324,000. Patten Group Inc. acquired a new stake in Viking during the 1st quarter worth approximately $359,000. Keybank National Association OH boosted its stake in Viking by 46.4% in the 1st quarter. Keybank National Association OH now owns 15,295 shares of the company’s stock valued at $1,124,000 after purchasing an additional 4,845 shares during the period. Root Financial Partners LLC bought a new stake in Viking in the 1st quarter valued at $121,000. Finally, SJS Investment Consulting Inc. grew its holdings in Viking by 304.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock valued at $34,000 after buying an additional 344 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction dated Tuesday, April 14th. The stock was 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 directly owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares of the company’s stock, valued at $10,460,699. This represents a 5.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 63,935 shares of company stock worth $5,360,351 over the last quarter.

Analyst Upgrades and Downgrades

VIK has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on shares of Viking in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 target price for the company. Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Susquehanna increased their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. The Goldman Sachs Group raised their target price on shares of Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $105.00 price target on Viking in a research note on Friday, May 15th. Fourteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.47.

Viking Stock Down 0.4%

NYSE:VIK opened at $100.14 on Wednesday. The company has a market cap of $44.63 billion, a PE ratio of 37.23, a P/E/G ratio of 1.45 and a beta of 1.48. The firm’s 50 day simple moving average is $90.85 and its 200 day simple moving average is $80.01. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. Viking Holdings Ltd. has a one year low of $54.78 and a one year high of $105.76.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.Viking’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. On average, research analysts anticipate that Viking Holdings Ltd. will post 3.28 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.