Seven Grand Managers LLC Makes New $3.57 Million Investment in Viking Holdings Ltd. $VIK

Key Points

• Seven Grand Managers LLC opened a new position in Viking Holdings, buying 50,000 shares worth about $3.57 million in the fourth quarter.
• Viking reported quarterly EPS of $(0.11), matching estimates, while revenue came in at $1.05 billion, topping expectations and rising 17.5% year over year.
• Sentiment around the stock remains constructive: the company announced new 2028-2029 world cruise itineraries and took delivery of the Viking Mira, while analysts broadly rate the shares a Moderate Buy with an average price target of $93.86.

Seven Grand Managers LLC bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the company's stock, valued at approximately $3,570,000.

Several other hedge funds have also recently bought and sold shares of VIK. Newbridge Financial Services Group Inc. acquired a new position in Viking during the third quarter worth $26,000. Activest Wealth Management increased its position in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company's stock worth $28,000 after buying an additional 390 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock worth $29,000 after buying an additional 316 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company's stock worth $30,000 after buying an additional 365 shares during the last quarter. Finally, CI Investments Inc. increased its position in Viking by 53.1% during the third quarter. CI Investments Inc. now owns 551 shares of the company's stock worth $34,000 after buying an additional 191 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Trading Up 5.6%

Shares of NYSE:VIK opened at $92.64 on Thursday. The company has a market cap of $41.29 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.27 and a beta of 1.57. The stock's 50-day moving average is $79.19 and its 200-day moving average is $73.61. Viking Holdings Ltd. has a 52-week low of $43.41 and a 52-week high of $92.75. 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 (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm's revenue was up 17.5% compared to the same quarter last year. During the same period last year, the business posted ($0.24) earnings per share. Equities research analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking announced its 2028-2029 World Cruise itineraries, including a 142-day world cruise aboard Viking Vesta, spanning six continents and 31 countries. The announcement highlights strong long-term booking visibility and supports the company’s growth narrative. Viking Announces 2028-2029 World Cruise Itineraries
• Positive Sentiment: Viking said it took delivery of the Viking Mira, its newest ocean ship, adding capacity to the fleet. New ship deliveries can support future revenue growth by expanding the number of guests the company can carry. Viking Takes Delivery of Newest Ocean Ship
• Positive Sentiment: News reports noted Viking shares were among the cruise names soaring, suggesting broader investor enthusiasm for the sector and momentum in travel-related stocks. Royal Caribbean and Viking shares are soaring, what you need to know
• Neutral Sentiment: Coverage highlighted Viking’s upcoming ship deliveries and order book, which reinforces growth plans but does not appear to include new financial guidance or a change in outlook. Viking Holdings updates on its upcoming ship deliveries and order book
• Negative Sentiment: A travel article raised questions about extra charges that can still apply despite Viking’s “more is included” marketing, which could slightly pressure sentiment if consumers focus on pricing transparency. Viking says more is included - then cruisers find the charges that still hit later

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

VIK has been the topic of several analyst reports. Wall Street Zen raised shares of Viking from a "hold" rating to a "buy" rating in a research report on Saturday, May 23rd. Barclays increased their target price on shares of Viking from $76.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 target price on shares of Viking in a research report on Friday, May 15th. Truist Financial raised shares of Viking from a "hold" rating to a "buy" rating and boosted their target price for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Finally, Susquehanna raised their price target on Viking from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.86.

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.

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