Quadrature Capital Ltd Takes $609,000 Position in Viking Holdings Ltd (NYSE:VIK)

Quadrature Capital Ltd bought a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,449 shares of the company's stock, valued at approximately $609,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cascade Investment Group Inc. acquired a new position in shares of Viking during the second quarter worth approximately $289,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Viking during the 2nd quarter worth $1,004,000. American National Bank bought a new position in shares of Viking in the second quarter worth $68,000. Bank of New York Mellon Corp bought a new position in shares of Viking in the second quarter worth $670,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Viking during the second quarter valued at $11,685,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Price Performance

NYSE VIK traded down $1.65 on Monday, hitting $44.87. 2,839,406 shares of the company were exchanged, compared to its average volume of 1,985,730. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $47.62. The company's 50 day moving average price is $41.51 and its 200-day moving average price is $36.21.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Barclays increased their price objective on shares of Viking from $43.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. increased their price target on Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus boosted their price objective on Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.92.

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.