Viking Holdings Ltd. $VIK Stock: Knights of Columbus Asset Advisors LLC Lowers Holdings

Knights of Columbus Asset Advisors LLC lowered its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 17.0% during the third quarter, HoldingsChannel reports. The fund owned 47,743 shares of the company’s stock after selling 9,790 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Viking were worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC boosted its holdings in Viking by 47.1% in the 3rd quarter. Lido Advisors LLC now owns 15,506 shares of the company’s stock valued at $1,215,000 after purchasing an additional 4,968 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Viking by 14.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,248,078 shares of the company’s stock worth $97,600,000 after purchasing an additional 161,532 shares during the period. Hohimer Wealth Management LLC increased its holdings in shares of Viking by 4.8% during the 3rd quarter. Hohimer Wealth Management LLC now owns 10,344 shares of the company’s stock worth $810,000 after purchasing an additional 470 shares during the period. StoneX Group Inc. bought a new position in shares of Viking during the 3rd quarter worth about $269,000. Finally, Kornitzer Capital Management Inc. KS raised its position in shares of Viking by 9.6% during the third quarter. Kornitzer Capital Management Inc. KS now owns 68,800 shares of the company’s stock valued at $5,389,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Viking

In related news, EVP Milton Hugh sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total value of $1,803,800.00. Following the sale, the executive vice president owned 565,571 shares of the company’s stock, valued at $51,008,848.49. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the completion of the transaction, the executive vice president directly owned 395,022 shares of the company’s stock, valued at $35,642,835.06. This trade represents a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,000 shares of company stock valued at $5,770,950 over the last ninety days.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays reduced their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, August 31st. UBS Group reissued a “buy” rating on shares of Viking in a research report on Wednesday, September 30th. BMO Capital Markets restated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Morgan Stanley upped their price target on Viking from $93.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, October 22nd. Finally, Bank of America cut their price target on Viking from $115.00 to $105.00 in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $107.44.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Wells Fargo lowered its price target to $118 from $128 but kept an Overweight rating. The revised target still implies substantial upside from the price cited in the report, though the cut signals a more cautious valuation view. Wells Fargo stock recommendations
• Negative Sentiment: Zacks said Viking lacks the combination of factors it looks for when assessing the likelihood of an earnings beat in next week’s report. That could weigh on expectations, despite the article’s reference to anticipated earnings growth. Zacks earnings preview
• Negative Sentiment: Two reports say a Viking executive sold shares worth about $4.1 million combined. Insider sales can raise investor concerns, although they do not necessarily indicate a change in the company’s outlook. Executive stock sale report one Executive stock sale report two

Viking Stock Up 0.9%

Shares of VIK stock opened at $87.99 on Wednesday. Viking Holdings Ltd. has a one year low of $56.67 and a one year high of $110.09. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. The stock has a fifty day moving average price of $84.09 and a 200 day moving average price of $85.65. The stock has a market cap of $39.22 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts predict that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Viking Company Profile

Viking Holdings Ltd. operates cruise voyages through its Viking brand, offering river, ocean and expedition cruises. Its trips are designed around destination-focused itineraries and include onboard cultural and educational programming. The company’s river cruises visit destinations across Europe, Asia, Egypt and the United States, while its ocean and expedition voyages travel to regions around the world. Viking began as a river cruise company in 1997 and later expanded into ocean and expedition cruising.