SG Americas Securities LLC Grows Holdings in Viking Holdings Ltd. $VIK

SG Americas Securities LLC increased its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 352.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,081 shares of the company’s stock after purchasing an additional 166,007 shares during the period. SG Americas Securities LLC’s holdings in Viking were worth $15,216,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the third quarter valued at approximately $26,000. CI Investments Inc. lifted its stake in Viking by 53.1% during the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Viking by 158.3% during the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after buying an additional 334 shares during the period. Allworth Financial LP boosted its position in shares of Viking by 342.0% during the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $41,000 after buying an additional 513 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of Viking in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Viking from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Morgan Stanley lifted their target price on Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Barclays increased their price target on shares of Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Finally, UBS Group raised their price objective on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $75.21.

Viking Stock Down 4.2%

Shares of NYSE VIK opened at $68.57 on Friday. The stock has a market cap of $30.56 billion, a P/E ratio of 26.68, a PEG ratio of 1.26 and a beta of 1.96. The business’s fifty day simple moving average is $73.33 and its 200-day simple moving average is $67.72. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76.

Viking (NYSE:VIK) last released its earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm had revenue of $1.72 billion during the quarter. As a group, equities analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.