Chicago Partners Investment Group LLC Purchases 9,203 Shares of Viking Holdings Ltd. $VIK

Chicago Partners Investment Group LLC grew its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 210.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,584 shares of the company’s stock after buying an additional 9,203 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Viking were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VIK. Prosperity Financial Group Inc. purchased a new position in Viking in the 4th quarter worth about $1,114,000. Hiddenite Capital Partners LP purchased a new stake in shares of Viking during the 4th quarter valued at about $3,213,000. World Investment Advisors bought a new stake in shares of Viking in the fourth quarter worth approximately $1,151,000. Stephens Investment Management Group LLC grew its stake in shares of Viking by 39.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after acquiring an additional 269,274 shares during the period. Finally, Virtus Wealth Solutions LLC purchased a new position in shares of Viking during the fourth quarter valued at approximately $1,071,000. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the sale, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 17,566 shares of company stock worth $1,640,166 in the last quarter.

Viking Stock Performance

Shares of NYSE VIK opened at $98.22 on Thursday. The firm has a 50 day moving average of $92.93 and a 200 day moving average of $81.11. 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 firm has a market capitalization of $43.78 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.48. Viking Holdings Ltd. has a 12-month low of $55.55 and a 12-month high of $105.76.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.05 billion for 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 company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the firm earned ($0.24) earnings per share. On average, research analysts anticipate that Viking Holdings Ltd. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VIK shares. BMO Capital Markets initiated coverage on shares of Viking in a research report on Tuesday, July 7th. They set an “outperform” rating and a $115.00 price objective on the stock. UBS Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of Viking in a research report on Wednesday, May 27th. Sanford C. Bernstein assumed coverage on shares of Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 target price for the company. BNP Paribas Exane reissued an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a report on Tuesday. Finally, Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued 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 price target of $100.17.

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.