Ovata Capital Management Ltd Acquires New Position in Viking Holdings Ltd (NYSE:VIK)

Ovata Capital Management Ltd acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 75,000 shares of the company's stock, valued at approximately $2,546,000. Viking accounts for about 1.4% of Ovata Capital Management Ltd's portfolio, making the stock its 16th largest position.

Several other hedge funds have also modified their holdings of VIK. Allspring Global Investments Holdings LLC purchased a new position in shares of Viking in the 2nd quarter worth about $11,685,000. Renaissance Capital LLC purchased a new position in Viking in the second quarter valued at approximately $2,250,000. U.S. Capital Wealth Advisors LLC acquired a new position in Viking during the second quarter valued at approximately $2,226,000. Lisanti Capital Growth LLC purchased a new stake in Viking during the second quarter worth approximately $1,597,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Viking in the second quarter worth $1,004,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Viking in a report on Tuesday, July 2nd. They set an "overweight" rating and a $39.00 target price on the stock. Wells Fargo & Company boosted their price objective on Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday. Truist Financial started coverage on Viking in a research report on Friday, June 21st. They issued a "hold" rating and a $38.00 target price for the company. Melius initiated coverage on Viking in a report on Wednesday, May 22nd. They set a "buy" rating and a $37.00 target price on the stock. Finally, HSBC began coverage on Viking in a report on Tuesday, June 25th. They issued a "buy" rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.17.

Viking Trading Down 2.4 %

Shares of NYSE:VIK traded down $0.80 during midday trading on Friday, reaching $32.39. The company had a trading volume of 1,075,267 shares, compared to its average volume of 1,703,982. The company's fifty day simple moving average is $34.43. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $37.25.

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.