14,426 Shares in Viking Holdings Ltd. $VIK Acquired by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,426 shares of the company’s stock, valued at approximately $1,060,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Harbor Capital LLC purchased a new stake in Viking in the 1st quarter valued at $944,000. Amundi raised its holdings in shares of Viking by 31.7% during the 1st quarter. Amundi now owns 682,068 shares of the company’s stock worth $50,118,000 after acquiring an additional 164,001 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Viking by 62.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,623 shares of the company’s stock worth $340,000 after acquiring an additional 1,784 shares during the period. Royal Bank of Canada boosted its position in shares of Viking by 21.0% during the 1st quarter. Royal Bank of Canada now owns 341,026 shares of the company’s stock valued at $25,058,000 after acquiring an additional 59,108 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Viking by 2,599.9% during the 1st quarter. Empowered Funds LLC now owns 107,969 shares of the company’s stock valued at $7,934,000 after acquiring an additional 103,970 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity

In other news, EVP Richard Marnell sold 6,120 shares of the business’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 value of $577,116.00. Following the sale, the executive vice president directly owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. The trade was a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Viking Stock Down 0.3%

Shares of NYSE:VIK opened at $104.17 on Friday. The company has a market capitalization of $46.43 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.20 and a beta of 1.48. Viking Holdings Ltd. has a 12-month low of $55.55 and a 12-month high of $105.86. The business has a 50-day moving average price of $97.16 and a 200 day moving average price of $83.44. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last posted its 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 for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.24) earnings per share. Sell-side analysts expect that Viking Holdings Ltd. will post 3.32 EPS for the current year.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Goldman Sachs raised its price target to $120 from $108 and upgraded Viking to “Buy,” implying approximately 15% upside from the referenced price. The endorsement may support investor confidence and reflects a more favorable outlook for Viking’s earnings and growth. Benzinga
• Positive Sentiment: Viking took delivery of the new European river ship Viking Dagur, adding capacity to its fleet and supporting future itinerary growth. Viking Takes Delivery of Viking Dagur in Europe
• Positive Sentiment: Viking announced its first Chinese-language journeys for Northern Europe, expanding its addressable customer base and potentially improving demand from Chinese-speaking travelers. Viking First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: A report about oral VK2735 entering Phase III development concerns Viking Therapeutics (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore should not affect VIK’s valuation. Viking Therapeutics VK2735 Development
• Negative Sentiment: A Viking river ship ran aground on the Danube in Bulgaria amid unusually low water levels, and travelers were reportedly evacuated. Although the incident appears weather- or water-level-related, disruptions, customer compensation, and negative publicity could weigh modestly on near-term results and brand perception. Viking Ship Runs Aground in Europe

Analyst Ratings Changes

Several research firms recently issued reports on VIK. UBS Group restated a “buy” rating and set a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their target price on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Morgan Stanley raised their price target on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Citigroup raised their price target on shares of Viking from $101.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.06.

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.