GAM Holding AG Cuts Position in Viking Holdings Ltd. $VIK

GAM Holding AG decreased its stake in Viking Holdings Ltd. (NYSE:VIK) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,001 shares of the company’s stock after selling 32,800 shares during the period. GAM Holding AG’s holdings in Viking were worth $11,935,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VIK. Congress Asset Management Co. purchased a new stake in shares of Viking in the third quarter valued at about $65,041,000. Bank of New York Mellon Corp raised its position in shares of Viking by 1,063.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock worth $15,597,000 after purchasing an additional 267,521 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Viking during the 2nd quarter worth approximately $3,363,000. US Bancorp DE grew its holdings in Viking by 43.2% during the 2nd quarter. US Bancorp DE now owns 15,017 shares of the company’s stock valued at $800,000 after buying an additional 4,529 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Viking by 74.6% during the second quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock worth $78,193,000 after buying an additional 626,973 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

Viking stock opened at $72.22 on Friday. The firm has a market capitalization of $32.00 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 0.62 and a beta of 2.07. The stock’s 50 day moving average price is $65.62 and its 200 day moving average price is $61.16. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $74.61. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday. Barclays lifted their price target on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. upped their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Viking Company Profile

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.