Viking (NYSE:VIK) EVP Richard Marnell Sells 11,287 Shares of Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the sale, the executive vice president owned 117,050 shares in the company, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Richard Marnell also recently made the following trade(s):

• On Tuesday, June 16th, Richard Marnell sold 159 shares of Viking stock. The stock was sold at an average price of $94.67, for a total value of $15,052.53.
• On Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The stock was sold at an average price of $94.30, for a total value of $577,116.00.

Viking Price Performance

Shares of NYSE VIK opened at $94.29 on Wednesday. The stock’s 50-day moving average is $84.50 and its two-hundred day moving average is $76.55. 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 Holdings Ltd. has a 1-year low of $47.02 and a 1-year high of $96.54. The company has a market cap of $42.02 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59.

Viking (NYSE:VIK) last issued 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). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned ($0.24) EPS. Viking’s revenue was up 17.5% on a year-over-year basis. Analysts forecast that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Institutional Trading of Viking

A number of large investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of 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 purchasing an additional 570,672 shares during the period. Federated Hermes Inc. boosted its position 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 stake in shares of Viking in the 4th quarter valued at about $372,297,000. AQR Capital Management LLC boosted its position in shares of 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 purchasing an additional 3,364,265 shares during the period. Finally, Dream Peak Capital Ltd acquired a new stake in Viking during the 4th quarter worth approximately $223,744,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking remains near its 52-week high and well above its 50-day and 200-day moving averages, which signals strong investor momentum and continued confidence in the cruise operator’s growth outlook.
• Neutral Sentiment: Recent articles highlighting “best shipping stocks” and “shipping stocks to add to your watchlist” may have kept Viking on investors’ radar, but they do not appear to include any company-specific catalyst.
• Neutral Sentiment: Multiple news items about Viking-themed World Cup content and archaeological stories are unrelated to Viking Holdings and are unlikely to affect the stock.
• Negative Sentiment: EVP Richard Marnell disclosed several share sales over June 12-16, including a larger sale of 11,287 shares and additional sales of 6,120 and 159 shares. Insider selling can sometimes be viewed cautiously by investors, even though the executive still retains a large position. SEC filing

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Loop Capital assumed coverage on Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 price objective for the company. Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Citigroup reaffirmed a “buy” rating on shares of Viking in a research report on Friday, May 15th. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, UBS Group reaffirmed a “buy” rating and set a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. Thirteen 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.38.

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.