Sanctuary Advisors LLC Invests $621,000 in Viking Holdings Ltd. $VIK

Sanctuary Advisors LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,699 shares of the company’s stock, valued at approximately $621,000.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. grew its position in Viking by 32.8% in the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after purchasing an additional 6,715,666 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after purchasing an additional 3,615,969 shares during the period. Dream Peak Capital Ltd acquired a new position in shares of Viking in the fourth quarter valued at approximately $223,744,000. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Viking by 33.9% in the third quarter. Artisan Partners Limited Partnership now owns 2,944,248 shares of the company’s stock valued at $183,014,000 after purchasing an additional 745,509 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Trading Down 1.6%

NYSE VIK opened at $82.60 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 52 week low of $42.20 and a 52 week high of $87.00. The stock has a market capitalization of $36.81 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 1.55 and a beta of 1.57. The firm has a 50 day moving average of $76.12 and a two-hundred day moving average of $71.18.

Viking (NYSE:VIK) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $1.72 billion for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. As a group, research analysts expect that Viking Holdings Ltd. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VIK. Wells Fargo & Company increased their target price on shares of Viking from $78.00 to $79.00 and gave the stock a “cautious” rating in a report on Wednesday, April 15th. UBS Group upped their price objective on Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial lifted their target price on Viking from $61.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. boosted their target price on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.14.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Recent travel coverage highlighting Viking Ocean Cruises’ deluxe veranda cabins could support the brand’s premium image and reinforce demand for its higher-end cruise offerings. What Viking Deluxe Veranda cabins really look like inside
• Neutral Sentiment: Another travel article about unexpected add-on costs on Viking Ocean Cruises may draw attention to pricing transparency, but it does not directly signal a material change in demand or earnings. What Viking Ocean Cruises don’t spell out until the bill starts growing
• Neutral Sentiment: Historical and archaeological stories about Vikings, including a gold hoard in Denmark and Viking-era coins turned into jewelry, are not tied to Viking Holdings’ operating results, but they keep the “Viking” name in the news. Major Gold Hoard of Viking Elite Unearthed in Denmark Coins minted to protect the English from the Vikings ended up as Viking jewelry, experts discover
• Negative Sentiment: Zacks says Viking Holdings may report negative earnings next week, citing an unfavorable setup for an earnings beat; that pre-earnings caution is likely pressuring the stock. Viking Holdings (VIK) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release

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.