Ninety One North America Inc. Buys 20,780 Shares of Viking Holdings Ltd. $VIK

Ninety One North America Inc. bought a new position in Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,780 shares of the company’s stock, valued at approximately $1,628,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Viking by 654.3% during the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after purchasing an additional 5,341,580 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after purchasing an additional 647,606 shares during the period. Corient Private Wealth LP acquired a new position in shares of Viking in the 2nd quarter worth approximately $57,131,000. Junto Capital Management LP acquired a new position in shares of Viking in the 2nd quarter worth approximately $53,317,000. Finally, SG Americas Securities LLC raised its holdings in shares of Viking by 111.9% in the 1st quarter. SG Americas Securities LLC now owns 451,490 shares of the company’s stock worth $33,175,000 after buying an additional 238,409 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Limited relevance to Viking Holdings: Articles about Viking FK’s draw with Bayern Munich, player performances, and alleged on-field antics refer to a soccer club and are unrelated to Viking Holdings’ cruise operations. Bodø/Glimt star slams Viking FK antics Champions League scores
• Neutral Sentiment: Viking Cruises promotional coverage: A lifestyle article highlights Viking River Cruises’ onboard alcohol policy and lack of corkage fees. While this may support consumer awareness of the brand, it contains no booking, pricing, revenue, or profitability data and is unlikely to materially affect VIK’s valuation. Viking River Cruises alcohol policy
• Neutral Sentiment: Historical Viking stories: Reports on human remains, violence, and a suspected Viking raid are archaeological features with no connection to Viking Holdings’ business or stock. Human bones found in Viking homes Viking raid mass grave

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets restated an “outperform” rating on shares of Viking in a research report on Wednesday, August 26th. Weiss Ratings upgraded Viking from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Citigroup reiterated a “buy” rating on shares of Viking in a research note on Friday, October 2nd. Truist Financial cut their price objective on Viking from $102.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 24th. Finally, Benchmark upgraded shares of Viking to a “strong-buy” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.83.

Viking Price Performance

Shares of NYSE VIK traded up $0.51 during mid-day trading on Thursday, hitting $83.11. 783,223 shares of the stock were exchanged, compared to its average volume of 3,071,928. Viking Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09. The stock’s fifty day simple moving average is $87.74 and its two-hundred day simple moving average is $89.35. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The company has a market cap of $37.04 billion, a P/E ratio of 27.62, a PEG ratio of 0.98 and a beta of 1.47.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company earned $0.99 EPS. Viking’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts forecast that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

About Viking

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.