Viking Holdings Ltd. $VIK Shares Bought by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its Viking Holdings position by 935.8% in the third quarter, acquiring 110,982 additional shares and bringing its holdings to 122,842 shares valued at approximately $9.6 million.
• Institutional interest remains high, with hedge funds and other institutions owning 98.84% of Viking’s stock. Ninety One UK made one of the largest increases, adding more than 1.35 million shares.
• Viking reported quarterly EPS of $1.31 and revenue of $2.19 billion, beating estimates and marking 16.5% year-over-year revenue growth. Analysts maintain a “Moderate Buy” consensus with an average price target of $106.56, versus a recent share price of $87.28.

Carnegie Investment Counsel lifted its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 935.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,842 shares of the company's stock after purchasing an additional 110,982 shares during the period. Carnegie Investment Counsel's holdings in Viking were worth $9,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIK. Pinnacle Associates Ltd. raised its position in Viking by 41.8% during the third quarter. Pinnacle Associates Ltd. now owns 7,458 shares of the company's stock valued at $584,000 after purchasing an additional 2,199 shares in the last quarter. Genesee Capital Advisors LLC boosted its position in Viking by 31.4% during the 3rd quarter. Genesee Capital Advisors LLC now owns 2,628 shares of the company's stock worth $206,000 after buying an additional 628 shares during the period. New England Research & Management Inc. bought a new stake in shares of Viking in the third quarter worth $1,226,000. Ninety One UK Ltd grew its position in shares of Viking by 229.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company's stock valued at $152,729,000 after buying an additional 1,358,007 shares during the last quarter. Finally, Ninety One SA Pty Ltd bought a new stake in Viking in the third quarter valued at approximately $110,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Performance

NYSE:VIK opened at $87.28 on Wednesday. The business's 50-day moving average price is $86.18 and its two-hundred day moving average price is $89.72. The stock has a market cap of $38.90 billion, a P/E ratio of 29.00, a PEG ratio of 1.01 and a beta of 1.47. 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 Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results 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. Viking had a return on equity of 117.98% and a net margin of 19.33%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company's revenue was up 16.5% compared to the same quarter last year. As a group, equities analysts predict that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VIK shares. Benchmark raised Viking to a "strong-buy" rating in a research report on Friday, September 25th. BMO Capital Markets reissued an "outperform" rating on shares of Viking in a research report on Wednesday, August 26th. Morgan Stanley increased their price target on Viking from $86.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, July 9th. The Goldman Sachs Group lifted their target price on shares of Viking from $108.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, 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 research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.56.

Insider Activity at Viking

In other Viking news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

About Viking

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-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 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.