LMR Partners LLP Sells 689,329 Shares of Viking Holdings Ltd (NYSE:VIK)

LMR Partners LLP decreased its holdings in Viking Holdings Ltd (NYSE:VIK) by 76.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,823 shares of the company’s stock after selling 689,329 shares during the quarter. LMR Partners LLP’s holdings in Viking were worth $7,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VIK. Valley Wealth Managers Inc. bought a new position in Viking during the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking during the second quarter worth $68,000. American National Bank bought a new position in Viking during the second quarter worth $68,000. SG Americas Securities LLC acquired a new position in Viking in the third quarter valued at $181,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in Viking during the third quarter valued at $204,000.

Viking Trading Up 0.1 %

Shares of VIK stock opened at $45.39 on Tuesday. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $46.25. The firm has a 50-day moving average of $38.02 and a 200-day moving average of $34.51.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, sell-side analysts forecast that Viking Holdings Ltd will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VIK shares. Wells Fargo & Company lifted their price objective on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Bank of America boosted their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Barclays upped their target price on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

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.