Janney Montgomery Scott LLC Raises Stock Holdings in Viking Holdings Ltd. $VIK

Janney Montgomery Scott LLC lifted its stake in Viking Holdings Ltd. (NYSE:VIK) by 25.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,897 shares of the company’s stock after buying an additional 9,191 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Viking were worth $3,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VIK. Newbridge Financial Services Group Inc. bought a new stake in Viking during the 3rd quarter worth approximately $26,000. Activest Wealth Management boosted its position in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Viking in the fourth quarter worth $28,000. Cornerstone Planning Group LLC increased its stake in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 110,930 shares in the company, 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. In the last ninety days, insiders sold 63,935 shares of company stock worth $5,360,351.

Viking Stock Performance

Shares of NYSE VIK opened at $100.14 on Wednesday. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The company has a market cap of $44.63 billion, a P/E ratio of 37.23, a P/E/G ratio of 1.45 and a beta of 1.48. The firm’s fifty day moving average is $90.85 and its two-hundred day moving average is $80.01. Viking Holdings Ltd. has a 52-week low of $54.78 and a 52-week high of $105.76.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate 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 net margin of 18.00% and a return on equity of 149.40%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. As a group, analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $86.00 price target (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. Stifel Nicolaus set a $105.00 price objective on Viking in a research note on Friday, May 15th. Finally, The Goldman Sachs Group increased their target price on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Fourteen equities 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.com, Viking has an average rating of “Moderate Buy” and a consensus target price of $97.47.

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.