29,452 Shares in Viking Holdings Ltd. $VIK Acquired by Clough Capital Partners L P

Clough Capital Partners L P acquired a new position in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,452 shares of the company’s stock, valued at approximately $2,103,000.

A number of other large investors also recently bought and sold shares of VIK. Norges Bank bought a new position in Viking in the fourth quarter worth approximately $372,297,000. Invesco Ltd. increased its position in shares of Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after purchasing an additional 3,471,244 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after purchasing an additional 3,364,265 shares in the last quarter. Dream Peak Capital Ltd acquired a new position in shares of Viking during the fourth quarter worth $223,744,000. Finally, State Street Corp increased its position in shares of Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Trading Up 0.7%

Shares of Viking stock opened at $94.70 on Thursday. The firm has a market capitalization of $42.21 billion, a PE ratio of 35.21, a P/E/G ratio of 1.36 and a beta of 1.59. Viking Holdings Ltd. has a twelve month low of $47.02 and a twelve month high of $97.20. The firm’s 50-day moving average price is $84.92 and its 200 day moving average price is $76.75. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. Viking’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted ($0.24) EPS. On average, sell-side analysts predict that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: VIK has strong technical momentum, trading near its 52-week high and above key moving averages, which suggests continued investor confidence in the cruise operator’s growth outlook.
• Positive Sentiment: Analysts remain broadly constructive on Viking, with a “Moderate Buy” consensus and price targets that cluster near or above current levels, including recent upgrades and a $108 target from Loop Capital.
• Neutral Sentiment: Recent coverage comparing VIK with another leisure stock and broader “shipping stocks” watchlist pieces may keep the name in focus, but they do not appear to provide a direct new catalyst for Viking’s business.
• Negative Sentiment: EVP Richard Marnell disclosed multiple share sales over the past few trading days, including larger transactions on June 12 and June 15. While he still holds a sizable stake, insider selling can raise caution among some investors. SEC filing

Insider Transactions at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares in the company, valued at $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 92,566 shares of company stock worth $7,657,130 over the last ninety days.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIK shares. Citigroup reaffirmed a “buy” rating on shares of Viking in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their price target on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Susquehanna upped their price target on Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Mizuho upped their price target on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus price target of $96.38.

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.