16,700 Viking Holdings Ltd. $VIK Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 88.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,235 shares of the company’s stock after selling 16,700 shares during the period. U S Global Investors Inc.’s holdings in Viking were worth $175,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Viking by 19.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company’s stock valued at $42,762,000 after acquiring an additional 96,166 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Viking during the 2nd quarter valued at about $7,535,000. Junto Capital Management LP bought a new position in Viking during the 2nd quarter worth approximately $53,317,000. PVG Asset Management Corp bought a new position in Viking during the 1st quarter worth approximately $1,008,000. Finally, Scholtz & Company LLC purchased a new position in Viking in the 2nd quarter worth approximately $1,744,000. 98.84% of the stock is owned by institutional investors.

Viking Stock Down 2.0%

Viking stock opened at $84.96 on Friday. The business’s 50-day moving average price is $85.41 and its 200 day moving average price is $89.87. The firm has a market cap of $37.87 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.47. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK) last announced its quarterly earnings data 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. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. Viking’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, sell-side analysts anticipate that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on VIK shares. Barclays lowered their price objective 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. Jefferies Financial Group lifted their price target on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Morgan Stanley boosted their price target on Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho lifted their target price on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, August 24th. Finally, Truist Financial reduced their target price on shares of Viking from $102.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.61.

Insiders Place Their Bets

In other Viking news, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the sale, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: No recent company-specific positive catalysts were identified in the supplied articles. Viking Holdings’ latest reported quarter nevertheless showed solid fundamentals, with revenue up 16.5% year over year and earnings exceeding analysts’ expectations.
• Neutral Sentiment: Articles about Viking FK’s Champions League match against Aston Villa, its players and predictions concern a separate soccer organization—not Viking Holdings Ltd.—and should not affect NYSE: VIK. Aston Villa sink Viking
• Neutral Sentiment: Stories about Viking settlements and archaeological discoveries likewise refer to Norse history and have no connection to Viking Holdings’ cruise business. Hidden Viking settlement
• Negative Sentiment: Susquehanna issued a pessimistic forecast for Viking Holdings’ stock, adding analyst-related pressure to the shares. The report does not indicate a change in the company’s operations, but a cautious price outlook can weigh on investor sentiment, particularly while the stock is trading below its longer-term moving average. Susquehanna pessimistic forecast for Viking

About Viking

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-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 United States.