Seven Grand Managers LLC Increases Holdings in Viking Holdings Ltd (NYSE:VIK)

Seven Grand Managers LLC grew its holdings in Viking Holdings Ltd (NYSE:VIK) by 116.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 325,000 shares of the company’s stock after buying an additional 175,000 shares during the quarter. Viking makes up about 2.6% of Seven Grand Managers LLC’s investment portfolio, making the stock its 12th largest holding. Seven Grand Managers LLC owned approximately 0.08% of Viking worth $11,339,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in VIK. Valley Wealth Managers Inc. purchased a new position in shares of Viking during the second quarter valued at about $35,000. American National Bank bought a new stake in Viking during the 2nd quarter valued at approximately $68,000. Sunbelt Securities Inc. purchased a new position in shares of Viking during the 2nd quarter worth approximately $68,000. SG Americas Securities LLC bought a new position in shares of Viking in the 3rd quarter worth approximately $181,000. Finally, Scientech Research LLC purchased a new position in shares of Viking in the 2nd quarter valued at approximately $200,000.

Viking Stock Up 1.3 %

Shares of NYSE VIK opened at $39.00 on Thursday. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $39.45. The stock has a 50 day moving average price of $34.65.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Sell-side analysts expect that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays initiated coverage on Viking in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. HSBC started coverage on shares of Viking in a research note on Tuesday, June 25th. They set a “buy” rating and a $36.00 price objective on the stock. Bank of America raised their target price on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus boosted their price target on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average target price of $37.17.

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.