Chicago Partners Investment Group LLC Raises Stake in Viking Holdings Ltd. $VIK

Chicago Partners Investment Group LLC grew its position in Viking Holdings Ltd. (NYSE:VIK) by 210.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,584 shares of the company’s stock after purchasing an additional 9,203 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Viking were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversify Wealth Management LLC lifted its stake in shares of Viking by 0.7% during the 1st quarter. Diversify Wealth Management LLC now owns 50,126 shares of the company’s stock valued at $3,937,000 after buying an additional 346 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in Viking by 163.2% in the 1st quarter. Pittenger & Anderson Inc. now owns 26,439 shares of the company’s stock worth $1,943,000 after buying an additional 16,394 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in Viking in the 1st quarter worth $295,000. Sequoia Financial Advisors LLC purchased a new stake in Viking in the 1st quarter worth $207,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in Viking during the first quarter valued at about $5,900,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 17,566 shares of company stock worth $1,640,166.

Viking Trading Up 0.6%

Shares of Viking stock opened at $98.22 on Thursday. Viking Holdings Ltd. has a twelve month low of $55.55 and a twelve month high of $105.76. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The business has a 50-day moving average price of $92.93 and a 200-day moving average price of $81.11. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 1.41 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, hitting analysts’ consensus estimates 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 period in the previous year, the business earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts anticipate that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

VIK has been the topic of several research analyst reports. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. BMO Capital Markets initiated coverage on Viking in a research report on Tuesday, July 7th. They set an “outperform” rating and a $115.00 target price for the company. Citigroup reissued a “buy” rating on shares of Viking in a research note on Friday, May 15th. Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $79.00 to $109.00 in a report on Monday, May 18th. Finally, Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.17.

About Viking

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.