Kornitzer Capital Management Inc. KS Invests $5.90 Million in Viking Holdings Ltd. $VIK

Kornitzer Capital Management Inc. KS bought a new stake in Viking Holdings Ltd. (NYSE:VIK) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 80,300 shares of the company’s stock, valued at approximately $5,900,000.

Other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Viking in the third quarter worth about $26,000. Activest Wealth Management raised its stake in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Viking during the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its holdings in Viking by 316.0% during the 4th 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. Finally, SBI Securities Co. Ltd. lifted its holdings in Viking by 651.8% during the 4th 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. Institutional investors own 98.84% of the company’s stock.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: BMO Capital Markets upgraded Viking to “strong-buy”, which could support investor sentiment by signaling confidence in the cruise operator’s outlook. Tickerreport.com
• Neutral Sentiment: Viking was mentioned in shipping-stock roundups, but those articles appear to be broad sector lists rather than company-specific catalysts. Top Shipping Stocks To Follow Today – July 7th
• Neutral Sentiment: Several recent stories reference “Viking” in a historical or sports context, including longboats, Viking spirit, and Norway’s World Cup run, but these do not appear related to Viking Holdings’ business performance. I sail the world in a replica 10th-century Viking longboat
• Neutral Sentiment: Passionate trading activity and media coverage around “Viking” themes may keep the ticker in view, but they are unlikely to change fundamentals on their own. Ship enthusiast cites ‘Viking spirit’ as Norway ready for England clash
• Negative Sentiment: Unusual options activity skewed bearish, with traders buying far more put options than usual, suggesting some investors are positioning for downside or hedging against weakness. Tickerreport.com

Wall Street Analyst Weigh In

VIK has been the subject of several research reports. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. UBS Group reissued a “buy” rating and set a $100.00 price target on shares of Viking in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $102.00 in a report on Friday, May 22nd. Finally, Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $79.00 to $109.00 in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.18.

Viking Stock Performance

NYSE VIK traded down $1.97 during trading hours on Friday, reaching $99.25. The company’s stock had a trading volume of 1,379,776 shares, compared to its average volume of 2,659,440. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The business has a 50-day simple moving average of $92.05 and a 200 day simple moving average of $80.54. Viking Holdings Ltd. has a 52 week low of $55.55 and a 52 week high of $105.76. The stock has a market cap of $44.23 billion, a PE ratio of 36.89, a PEG ratio of 1.43 and a beta of 1.48.

Viking (NYSE:VIK) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) earnings per share. Equities research analysts predict that Viking Holdings Ltd. will post 3.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Marnell sold 11,287 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the sale, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. This trade represents a 8.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 63,935 shares of company stock valued at $5,360,351 in the last 90 days.

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.