U S Global Investors Inc. Purchases Shares of 15,700 Viking Holdings Ltd. $VIK

U S Global Investors Inc. purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 15,700 shares of the company’s stock, valued at approximately $1,121,000.

Other hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking in the third quarter worth about $26,000. CI Investments Inc. lifted its position in Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. GAMMA Investing LLC lifted its position in Viking by 158.3% during the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after acquiring an additional 334 shares in the last quarter. Steph & Co. purchased a new position in Viking in the 4th quarter worth approximately $40,000. Finally, Allworth Financial LP raised its stake in shares of Viking by 342.0% during the third quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after purchasing an additional 513 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Up 1.2%

Shares of NYSE VIK opened at $80.96 on Friday. Viking Holdings Ltd. has a 12-month low of $38.50 and a 12-month high of $87.00. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.90. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The stock’s 50 day simple moving average is $75.36 and its 200 day simple moving average is $69.81.

Viking (NYSE:VIK) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. The company had revenue of $1.72 billion for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. Equities research analysts expect that Viking Holdings Ltd. will post 3.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, March 24th. Mizuho raised their target price on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Susquehanna assumed coverage on Viking in a research note on Wednesday. They set a “positive” rating and a $100.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.93.

Insider Transactions at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.