Viking Holdings Ltd. $VIK Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its holdings in Viking Holdings Ltd. (NYSE:VIK) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,800 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Viking were worth $5,389,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VIK. Axiom Investment Management LLC increased its holdings in Viking by 87.2% in the 3rd quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares in the last quarter. Kestra Advisory Services LLC raised its position in Viking by 3.8% in the third quarter. Kestra Advisory Services LLC now owns 14,000 shares of the company’s stock valued at $1,097,000 after purchasing an additional 516 shares during the period. Commonwealth Equity Services LLC raised its position in Viking by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 13,099 shares of the company’s stock valued at $1,026,000 after purchasing an additional 646 shares during the period. Provenance Wealth Advisors LLC acquired a new position in shares of Viking during the third quarter worth about $287,000. Finally, Hughes Financial Services LLC lifted its stake in shares of Viking by 3,953.3% during the third quarter. Hughes Financial Services LLC now owns 608 shares of the company’s stock worth $48,000 after purchasing an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIK. Stifel Nicolaus decreased their target price on Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 28th. UBS Group reiterated a “buy” rating on shares of Viking in a report on Wednesday, September 30th. Susquehanna reduced their price target on Viking from $105.00 to $100.00 and set a “positive” rating on the stock in a research report on Tuesday, October 20th. Morgan Stanley upped their price target on Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $121.00 price target (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $108.00.

Viking Price Performance

VIK stock opened at $87.59 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 52-week low of $56.67 and a 52-week high of $110.09. The stock’s 50 day moving average is $84.08 and its two-hundred day moving average is $85.47. The company has a market capitalization of $39.04 billion, a PE ratio of 29.10, a P/E/G ratio of 1.06 and a beta of 1.39.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.99 EPS. Viking’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts predict that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viking news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the transaction, the executive vice president directly owned 565,571 shares in the company, valued at $51,008,848.49. This represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the transaction, the executive vice president owned 395,022 shares in the company, valued at $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 65,000 shares of company stock valued at $5,770,950.

Viking Profile