Howe & Rusling Inc. Takes $2.70 Million Position in Viking Holdings Ltd. $VIK

Howe & Rusling Inc. bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 1st quarter, Holdings Channel.com reports. The fund bought 36,769 shares of the company’s stock, valued at approximately $2,702,000.

Several other large investors have also recently added to or reduced their stakes in VIK. Optimize Financial Inc boosted its stake in Viking by 1.4% in the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock worth $688,000 after buying an additional 136 shares during the last quarter. S.A. Mason LLC grew its holdings in Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock valued at $154,000 after buying an additional 150 shares during the period. Park Avenue Securities LLC increased its stake in shares of Viking by 2.7% during the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock valued at $481,000 after acquiring an additional 177 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Viking by 3.3% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock valued at $413,000 after acquiring an additional 187 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Viking by 53.1% during 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 period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were 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 directly owned 117,050 shares in the company, valued at $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 92,566 shares of company stock worth $7,657,130.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and increased their price target for the stock from $75.00 to $102.00 in a research note on Friday, May 22nd. UBS Group reaffirmed a “buy” rating and set a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. Finally, Rothschild & Co Redburn set a $95.00 price target on shares of Viking and gave the company a “buy” rating in a report on Tuesday, April 14th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

Viking Stock Performance

Viking stock opened at $100.30 on Friday. The company has a market cap of $44.70 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.48. Viking Holdings Ltd. has a 12 month low of $54.16 and a 12 month high of $105.76. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The stock’s 50-day moving average is $90.09 and its 200-day moving average is $79.52.

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

Viking News Roundup

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?

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.