Seven Grand Managers LLC Decreases Holdings in Viking Holdings Ltd (NYSE:VIK)

Seven Grand Managers LLC lessened its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 38.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,000 shares of the company's stock after selling 125,000 shares during the period. Viking accounts for about 4.0% of Seven Grand Managers LLC's portfolio, making the stock its 5th largest position. Seven Grand Managers LLC's holdings in Viking were worth $8,812,000 as of its most recent filing with the Securities & Exchange Commission.

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

Viking Price Performance

NYSE VIK traded down $1.49 during trading on Wednesday, reaching $43.24. 1,870,977 shares of the company's stock were exchanged, compared to its average volume of 2,376,464. Viking Holdings Ltd has a fifty-two week low of $28.62 and a fifty-two week high of $53.14. The stock has a market capitalization of $18.66 billion and a P/E ratio of 166.28. The business has a 50 day moving average price of $41.04 and a 200-day moving average price of $44.52.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same quarter in the previous year, the company posted ($1.21) earnings per share. The business's revenue was up 24.9% compared to the same quarter last year. On average, analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They issued a "buy" rating and a $51.00 price objective on the stock. Morgan Stanley reduced their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Loop Capital began coverage on shares of Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target on the stock. Stifel Nicolaus reduced their price target on Viking from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Citigroup upped their target price on shares of Viking from $48.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.94.

Viking Company 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.