Y Intercept Hong Kong Ltd Has $2.80 Million Position in Viking Holdings Ltd. $VIK

Y Intercept Hong Kong Ltd lessened its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 44.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,153 shares of the company’s stock after selling 31,074 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Viking were worth $2,803,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VIK. Prosperity Financial Group Inc. bought a new position in Viking during the fourth quarter worth about $1,114,000. Hiddenite Capital Partners LP bought a new position in Viking during the 4th quarter worth approximately $3,213,000. World Investment Advisors acquired a new position in Viking during the fourth quarter valued at approximately $1,151,000. Stephens Investment Management Group LLC increased its stake in Viking by 39.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock valued at $68,278,000 after purchasing an additional 269,274 shares in the last quarter. Finally, Virtus Wealth Solutions LLC acquired a new stake in Viking in the fourth quarter worth $1,071,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VIK shares. Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, May 15th. Mizuho lifted their price target on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. The Goldman Sachs Group upped their price target on shares of Viking from $84.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $105.00 price objective on shares of Viking in a research report on Friday, May 15th. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.47.

Insiders Place Their Bets

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 117,050 shares in the company, valued at $10,868,092.50. This represents a 8.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 63,935 shares of company stock valued at $5,360,351.

Viking Stock Down 0.4%

Shares of Viking stock opened at $100.14 on Wednesday. The firm has a market cap of $44.63 billion, a PE ratio of 37.23, a P/E/G ratio of 1.45 and a beta of 1.48. The business’s 50 day simple moving average is $90.85 and its 200 day simple moving average is $80.01. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. Viking Holdings Ltd. has a 52-week low of $54.78 and a 52-week high of $105.76.

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