The Manufacturers Life Insurance Company Makes New $19.69 Million Investment in Viking Holdings Ltd (NYSE:VIK)

The Manufacturers Life Insurance Company bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 446,845 shares of the company's stock, valued at approximately $19,688,000. The Manufacturers Life Insurance Company owned approximately 0.10% of Viking at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VIK. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares in the last quarter. CIBC Asset Management Inc increased its stake in Viking by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after purchasing an additional 491 shares in the last quarter. Commerce Bank raised its holdings in shares of Viking by 7.9% during the fourth quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after purchasing an additional 625 shares during the period. Merit Financial Group LLC boosted its position in shares of Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after purchasing an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its stake in shares of Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after buying an additional 1,165 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Trading Up 0.4 %

Shares of VIK stock traded up $0.18 on Wednesday, hitting $42.77. 756,236 shares of the stock were exchanged, compared to its average volume of 2,323,684. Viking Holdings Ltd has a one year low of $27.60 and a one year high of $53.14. The firm's 50 day moving average is $40.77 and its two-hundred day moving average is $44.08. The firm has a market capitalization of $18.45 billion and a PE ratio of 164.47.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, sell-side analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial upped their price target on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. JPMorgan Chase & Co. raised their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. The Goldman Sachs Group lowered their price target on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Redburn Atlantic raised shares of Viking to a "hold" rating in a report on Tuesday, April 1st. Finally, Melius Research set a $51.00 target price on shares of Viking in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Viking presently has a consensus rating of "Moderate Buy" and an average price target of $46.89.

Viking Profile

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.