Wealth Enhancement Advisory Services LLC Invests $3.65 Million in Viking Holdings Ltd. $VIK

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,999 shares of the company’s stock, valued at approximately $3,645,000.

Several other hedge funds also recently added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. acquired a new stake in Viking during the 3rd quarter worth about $26,000. GAMMA Investing LLC boosted its stake in shares of Viking by 158.3% in the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after buying an additional 334 shares during the last quarter. CI Investments Inc. grew its holdings in Viking by 53.1% during the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. Allworth Financial LP raised its position in Viking by 342.0% during the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after acquiring an additional 513 shares in the last quarter. Finally, TFC Financial Management Inc. acquired a new position in Viking in the third quarter valued at approximately $44,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VIK has been the subject of several recent research reports. Truist Financial lifted their target price on shares of Viking from $61.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, March 24th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Morgan Stanley upped their price objective on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Finally, Bank of America lifted their price target on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $75.21.

Viking Stock Performance

NYSE:VIK opened at $73.37 on Wednesday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market capitalization of $32.70 billion, a PE ratio of 28.55, a P/E/G ratio of 1.26 and a beta of 1.96. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The company has a fifty day moving average of $73.41 and a two-hundred day moving average of $67.84.

Viking (NYSE:VIK) last released its earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The business had revenue of $1.72 billion during the quarter. As a group, research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

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.