Fortis Group Advisors LLC Buys Shares of 11,396 Viking Holdings Ltd. $VIK

Fortis Group Advisors LLC bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,396 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds have also modified their holdings of the business. Invesco Ltd. increased its stake in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after purchasing an additional 3,471,244 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares in the last quarter. Dream Peak Capital Ltd purchased a new position in shares of Viking during the 4th quarter worth approximately $223,744,000. Artisan Partners Limited Partnership increased its stake in shares of Viking by 33.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,944,248 shares of the company’s stock worth $183,014,000 after purchasing an additional 745,509 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Viking by 28.8% during the 3rd quarter. Two Sigma Investments LP now owns 2,690,678 shares of the company’s stock worth $167,253,000 after purchasing an additional 600,890 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and set a $86.00 price objective (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Citigroup reissued a “buy” rating on shares of Viking in a research note on Friday, May 15th. Susquehanna raised 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. Finally, Wells Fargo & Company raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $79.00 to $109.00 in a research note on Monday. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.71.

Insider Buying and Selling at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Viking Stock Up 0.7%

Shares of VIK opened at $83.68 on Friday. The firm has a market cap of $37.29 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company’s fifty day moving average is $77.81 and its two-hundred day moving average is $72.79. Viking Holdings Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $92.00. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. Viking’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.24) EPS. Analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

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.