Bank of Nova Scotia Has $32.09 Million Stock Holdings in Viking Holdings Ltd. $VIK

Bank of Nova Scotia lifted its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 33.5% during the first quarter, HoldingsChannel reports. The firm owned 436,651 shares of the company’s stock after buying an additional 109,471 shares during the quarter. Bank of Nova Scotia’s holdings in Viking were worth $32,085,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Viking by 4.1% in the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after acquiring an additional 570,672 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Viking by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after purchasing an additional 136,918 shares during the period. Norges Bank acquired a new position in shares of Viking during the 4th quarter worth approximately $372,297,000. AQR Capital Management LLC grew its stake in Viking by 316.8% in the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after buying an additional 3,364,265 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Viking by 28.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,690,678 shares of the company’s stock valued at $167,253,000 after purchasing an additional 600,890 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Viking

In other Viking news, 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 value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 17,566 shares of company stock valued at $1,640,166 over the last three months.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Viking Price Performance

VIK opened at $100.87 on Friday. Viking Holdings Ltd. has a 1 year low of $55.55 and a 1 year high of $105.76. The firm’s fifty day moving average price is $95.18 and its two-hundred day moving average price is $82.36. The company has a market capitalization of $44.96 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 1.14 and a beta of 1.48. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company 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%.Viking’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted ($0.24) earnings per share. As a group, analysts anticipate that Viking Holdings Ltd. will post 3.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Jefferies Financial Group lifted their target price on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. BMO Capital Markets began coverage on Viking in a research report on Tuesday, July 7th. They set an “outperform” rating and a $115.00 price objective for the company. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $79.00 to $109.00 in a report on Monday, May 18th. Finally, Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and upped their target price for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $103.39.

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.