HighTower Advisors LLC Has $3.29 Million Holdings in Viking Holdings Ltd. $VIK

HighTower Advisors LLC raised its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 858.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,051 shares of the company’s stock after purchasing an additional 41,246 shares during the quarter. HighTower Advisors LLC’s holdings in Viking were worth $3,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VIK. Invesco Ltd. increased its position in Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares during the period. Dream Peak Capital Ltd acquired a new position in shares of Viking during the 4th quarter valued at $223,744,000. State Street Corp lifted its position in shares of Viking by 34,748.5% during the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after acquiring an additional 1,806,920 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Viking during the 4th quarter valued at $113,364,000. Finally, AQR Capital Management LLC acquired a new position in shares of Viking during the 3rd quarter valued at $66,016,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Performance

NYSE VIK opened at $92.06 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a fifty day simple moving average of $80.00 and a 200 day simple moving average of $73.98. Viking Holdings Ltd. has a 12-month low of $44.01 and a 12-month high of $93.70. The company has a market cap of $41.03 billion, a P/E ratio of 34.22, a PEG ratio of 1.33 and a beta of 1.57.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned ($0.24) EPS. The business’s revenue was up 17.5% on a year-over-year basis. Sell-side analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VIK. Morgan Stanley reiterated an “equal weight” rating and set a $86.00 target price (up from $81.00) on shares of Viking in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on shares of Viking in a research report on Friday, May 15th. UBS Group reiterated a “buy” rating and set a $100.00 target price on shares of Viking in a research report on Wednesday. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Mizuho boosted their target price on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research report on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.86.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.