Eastern Bank Raises Position in Viking Holdings Ltd. $VIK

Eastern Bank boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 197.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,276 shares of the company's stock after buying an additional 198,645 shares during the period. Eastern Bank owned approximately 0.07% of Viking worth $23,442,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company's stock worth $98,000 after acquiring an additional 145 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Viking by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company's stock valued at $137,000 after purchasing an additional 255 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Viking in the second quarter valued at $31,000. Basecamp Wealth Advisors LLC bought a new stake in Viking in the first quarter worth $25,000. Finally, SJS Investment Consulting Inc. increased its position in Viking by 304.4% in the first quarter. SJS Investment Consulting Inc. now owns 457 shares of the company's stock worth $34,000 after purchasing an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Trading Up 0.5%

NYSE:VIK traded up $0.37 during mid-day trading on Monday, hitting $80.93. 1,528,458 shares of the stock traded hands, compared to its average volume of 3,083,875. The stock has a market capitalization of $36.07 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.95 and a beta of 1.47. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09. The firm's 50 day moving average is $91.52 and its two-hundred day moving average is $88.80. 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 (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, equities research analysts predict that Viking Holdings Ltd. will post 3.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on VIK shares. BMO Capital Markets reiterated an "outperform" rating on shares of Viking in a research report on Wednesday, August 26th. Wall Street Zen cut shares of Viking from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Jefferies Financial Group increased their price target on shares of Viking from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 17th. Benchmark upgraded Viking to a "strong-buy" rating in a research report on Friday, September 25th. Finally, Weiss Ratings raised Viking from a "hold (c)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.83.

Insider Transactions at Viking

In other Viking news, EVP Milton Hugh sold 20,000 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the transaction, the executive vice president owned 585,571 shares of the company's stock, valued at $50,107,310.47. This represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Viking Company Profile

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking's river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.

Want to see what other hedge funds are holding VIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viking Holdings Ltd. (NYSE:VIK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.