Viking Holdings Ltd. $VIK is Crestwood Capital Management L.P.’s Largest Position

Crestwood Capital Management L.P. reduced its stake in Viking Holdings Ltd. (NYSE:VIK) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 331,522 shares of the company’s stock after selling 10,000 shares during the period. Viking accounts for approximately 15.0% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its largest position. Crestwood Capital Management L.P.’s holdings in Viking were worth $23,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Optimize Financial Inc grew its holdings in Viking by 1.4% in the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after buying an additional 136 shares in the last quarter. S.A. Mason LLC grew its holdings in Viking by 7.5% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock valued at $154,000 after buying an additional 150 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Viking by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock valued at $481,000 after purchasing an additional 177 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Viking by 3.3% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock valued at $413,000 after purchasing an additional 187 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VIK. Barclays upped their price target on Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. upped their price target on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and upped their price target for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Mizuho increased their target price on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a research note on Monday. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

Viking Price Performance

Shares of NYSE VIK opened at $89.85 on Monday. The stock’s 50-day moving average is $81.83 and its two-hundred day moving average is $75.15. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. Viking Holdings Ltd. has a 1-year low of $46.06 and a 1-year high of $93.70. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned ($0.24) EPS. Viking’s revenue was up 17.5% on a year-over-year basis. Analysts forecast that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

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.