Hodges Capital Management Inc. Purchases Shares of 208,055 Viking Holdings Ltd. $VIK

Hodges Capital Management Inc. acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 208,055 shares of the company’s stock, valued at approximately $15,288,000. Viking comprises 1.3% of Hodges Capital Management Inc.’s portfolio, making the stock its 18th largest holding.

Other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after buying an additional 690 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Viking in the second quarter valued at about $303,000. Daiwa Securities Group Inc. bought a new stake in shares of Viking in the second quarter valued at about $922,000. State Street Corp grew its stake in shares of Viking by 34,748.5% in the second 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 in the last quarter. Finally, Nebula Research & Development LLC grew its stake in shares of Viking by 275.0% in the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after acquiring an additional 22,188 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In other news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 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 position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 92,566 shares of company stock valued at $7,657,130.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking was included in recent shipping-stock watchlists, which can draw investor attention to the name and support trading interest. Shipping Stocks To Watch Today – June 30th
• Neutral Sentiment: Several high-traffic stories about “Viking” in Norway’s World Cup celebrations are unrelated to Viking Holdings and are unlikely to materially affect the stock. ‘Bigger than football’: Norway fans’ Viking row makes waves at World Cup
• Neutral Sentiment: Another shipping-stock roundup also flagged Viking, but it does not appear to include new company-specific catalysts. Shipping Stocks To Keep An Eye On – June 29th
• Neutral Sentiment: The remaining “Viking row” articles are social-media and sports explainer pieces, not business developments for Viking Holdings. What is the ‘Viking row’ and why is Norway doing it at the World Cup?

Viking Stock Down 0.4%

VIK stock opened at $100.30 on Monday. Viking Holdings Ltd. has a 52 week low of $54.16 and a 52 week high of $105.76. The business has a 50-day simple moving average of $90.09 and a 200 day simple moving average of $79.58. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The company has a market cap of $44.70 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.48.

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

Analyst Ratings Changes

VIK has been the subject of several analyst reports. Susquehanna lifted their price objective on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on shares of Viking in a research report on Friday, May 15th. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and lifted their price target for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein began coverage on Viking in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.