CenterBook Partners LP Invests $2.32 Million in Viking Holdings Ltd. $VIK

CenterBook Partners LP bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, Holdings Channel reports. The institutional investor bought 32,543 shares of the company’s stock, valued at approximately $2,324,000.

A number of other large investors have also bought and sold shares of VIK. Optimize Financial Inc increased its holdings in Viking by 1.4% during the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock valued at $688,000 after purchasing an additional 136 shares in the last quarter. S.A. Mason LLC raised its position 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 purchasing an additional 150 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Viking by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after purchasing an additional 177 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Viking by 3.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 5,780 shares of the company’s stock worth $413,000 after purchasing an additional 187 shares during the last quarter. Finally, CI Investments Inc. increased its stake in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Up 1.2%

Shares of NYSE:VIK opened at $90.11 on Wednesday. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 1.29 and a beta of 1.59. The company has a 50 day moving average of $82.60 and a 200-day moving average of $75.57. Viking Holdings Ltd. has a one year low of $46.06 and a one year high of $93.70.

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

Insider Buying and Selling at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction on 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 directly owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

VIK has been the topic of several research reports. Stifel Nicolaus set a $105.00 price target on shares of Viking in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. UBS Group reiterated a “buy” rating and set a $100.00 target price on shares of Viking in a research report on Wednesday, May 27th. Citigroup reissued a “buy” rating on shares of Viking in a research note on Friday, May 15th. Finally, Weiss Ratings lowered shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Bernstein initiated coverage of Viking Holdings Ltd. (VIK) with an Outperform rating and a $120 price target, saying it has a “structurally bullish view” on the cruise industry. Bernstein Initiates Coverage of Viking Holdings (VIK) With a “Structurally Bullish View” on the Cruise Industry
• Positive Sentiment: Wall Street Zen upgraded Viking Holdings Ltd. (VIK) to Buy, adding to the positive analyst tone around the stock. Viking (NYSE:VIK) Upgraded by Wall Street Zen to “Buy” Rating
• Neutral Sentiment: Several travel features highlighted Viking cruises and passenger experiences, including first-time cruiser tips and examples of Viking’s premium river and ocean itineraries. These stories help keep the brand visible, but they are not direct financial catalysts. What no one tells first time Viking cruisers before they board
• Neutral Sentiment: Additional articles focused on what costs extra aboard Viking cruises and a Mississippi River itinerary, which may support consumer interest in the brand but do not materially change the investment outlook. This is what you still pay extra for on a Viking Ocean cruise

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.