Fruth Investment Management Sells 1,300 Shares of Viking Holdings Ltd (NYSE:VIK)

Fruth Investment Management cut its position in shares of Viking Holdings Ltd (NYSE:VIK) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,500 shares of the company’s stock after selling 1,300 shares during the period. Fruth Investment Management’s holdings in Viking were worth $3,106,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VIK. D1 Capital Partners L.P. boosted its position in shares of Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after buying an additional 1,703,301 shares during the period. FMR LLC increased its holdings in Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after purchasing an additional 1,518,773 shares during the period. 140 Summer Partners LP bought a new stake in Viking during the 3rd quarter valued at $48,334,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Viking by 282.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after buying an additional 971,152 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

NYSE VIK opened at $51.93 on Thursday. The stock’s fifty day moving average price is $46.11 and its 200 day moving average price is $40.27. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $52.11.

Wall Street Analyst Weigh In

VIK has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Truist Financial upped their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. The Goldman Sachs Group began coverage on shares of Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Loop Capital started coverage on Viking in a research report on Tuesday. They set a “buy” rating and a $55.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

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.