Viking Holdings Ltd. $VIK is Crestwood Capital Management L.P.’s Largest Position

Crestwood Capital Management L.P. cut its holdings in Viking Holdings Ltd. (NYSE:VIK) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 331,522 shares of the company’s stock after selling 10,000 shares during the quarter. Viking accounts for approximately 15.0% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its largest position. Crestwood Capital Management L.P. owned 0.07% of Viking worth $23,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VIK. Newbridge Financial Services Group Inc. purchased a new position in shares of Viking in the third quarter valued at $26,000. Activest Wealth Management raised its stake in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 390 shares during the period. Cornerstone Planning Group LLC raised 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 valued at $29,000 after acquiring an additional 316 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Viking by 53.1% in 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.

Insider Buying and Selling

In other news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Viking Price Performance

Shares of NYSE VIK opened at $89.85 on Monday. 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 $40.04 billion, a PE ratio of 33.40, a P/E/G ratio of 1.30 and a beta of 1.59. The business has a 50-day simple moving average of $81.83 and a two-hundred day simple moving average of $75.15. Viking Holdings Ltd. has a fifty-two week low of $46.06 and a fifty-two week high of $93.70.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm 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%.The company’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) earnings per share. As a group, equities analysts expect that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $79.00 to $109.00 in a research note on Monday, May 18th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. raised their price target on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Citigroup restated a “buy” rating on shares of Viking in a research note on Friday, May 15th. Finally, Barclays raised their price target on Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Thirteen 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Viking 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.