Walter Public Investments Inc. Sells 37,700 Shares of Viking Holdings Ltd. $VIK

Walter Public Investments Inc. lessened its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 57.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 27,588 shares of the company’s stock after selling 37,700 shares during the period. Walter Public Investments Inc.’s holdings in Viking were worth $2,161,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VIK. Lido Advisors LLC grew its holdings in Viking by 47.1% in the 3rd quarter. Lido Advisors LLC now owns 15,506 shares of the company’s stock valued at $1,215,000 after buying an additional 4,968 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Viking by 14.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,248,078 shares of the company’s stock worth $97,600,000 after buying an additional 161,532 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of Viking by 4.8% during the third quarter. Hohimer Wealth Management LLC now owns 10,344 shares of the company’s stock worth $810,000 after buying an additional 470 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of Viking during the third quarter worth approximately $269,000. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in shares of Viking by 9.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 68,800 shares of the company’s stock worth $5,389,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VIK. Mizuho increased their price objective on Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research report on Monday, August 24th. Jefferies Financial Group upped their target price on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of Viking in a research note on Friday, October 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Viking in a report on Wednesday, August 26th. Finally, Wells Fargo & Company decreased their price target on shares of Viking from $128.00 to $118.00 and set an “overweight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued 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, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.44.

Insiders Place Their Bets

In related news, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total value of $1,803,800.00. Following the completion of the transaction, the executive vice president directly owned 565,571 shares of the company’s stock, valued at $51,008,848.49. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey Dash sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total value of $2,255,750.00. Following the completion of the transaction, the executive vice president directly owned 395,022 shares of the company’s stock, valued at approximately $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,000 shares of company stock valued at $5,770,950 over the last 90 days.

Viking Trading Up 2.3%

Viking stock opened at $90.05 on Thursday. The business has a 50 day moving average price of $84.19 and a two-hundred day moving average price of $85.76. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The stock has a market cap of $40.14 billion, a price-to-earnings ratio of 29.92, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. Viking Holdings Ltd. has a 12 month low of $56.67 and a 12 month high of $110.09.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. Viking’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts forecast that Viking Holdings Ltd. will post 3.14 EPS for the current year.

Viking Profile

Viking Holdings Ltd. operates cruise voyages through its Viking brand, offering river, ocean and expedition cruises. Its trips are designed around destination-focused itineraries and include onboard cultural and educational programming. The company’s river cruises visit destinations across Europe, Asia, Egypt and the United States, while its ocean and expedition voyages travel to regions around the world. Viking began as a river cruise company in 1997 and later expanded into ocean and expedition cruising.