Artisan Partners Limited Partnership Decreases Holdings in Viking Holdings Ltd. $VIK

Artisan Partners Limited Partnership trimmed its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,502,697 shares of the company’s stock after selling 441,551 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Viking were worth $178,718,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Optimize Financial Inc raised its holdings in shares of Viking by 1.4% during the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after buying an additional 136 shares in the last quarter. S.A. Mason LLC grew its position in Viking by 7.5% during the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock worth $154,000 after acquiring an additional 150 shares during the last quarter. Park Avenue Securities LLC grew its position in Viking by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after acquiring an additional 177 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Viking by 3.3% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock worth $413,000 after acquiring an additional 187 shares during the last quarter. Finally, CI Investments Inc. grew its position in Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

Shares of VIK stock opened at $94.29 on Wednesday. The firm has a market cap of $42.02 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.59. Viking Holdings Ltd. has a fifty-two week low of $47.02 and a fifty-two week high of $96.54. The business’s 50 day moving average price is $84.50 and its 200-day moving average price is $76.55. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.

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

Insider Buying and Selling

In related news, EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 92,566 shares of company stock worth $7,657,130.

Analyst Ratings Changes

Several research firms recently issued reports on VIK. JPMorgan Chase & Co. raised their price target on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $105.00 price target on Viking in a research report on Friday, May 15th. Mizuho raised their price target on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Loop Capital began coverage on Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

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.