98,311 Shares in Viking Holdings Ltd (NYSE:VIK) Acquired by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 98,311 shares of the company's stock, valued at approximately $4,332,000.

Several other hedge funds have also bought and sold shares of VIK. Avior Wealth Management LLC purchased a new position in shares of Viking during the third quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new position in Viking during the fourth quarter valued at $73,000. Rhumbline Advisers purchased a new position in Viking during the fourth quarter valued at $130,000. SG Americas Securities LLC bought a new stake in Viking in the third quarter worth $181,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Viking in the third quarter worth $187,000. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIK. Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Stifel Nicolaus increased their price target on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Loop Capital initiated coverage on shares of Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target for the company. Citigroup started coverage on Viking in a research report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.13.

Viking Price Performance

NYSE VIK traded down $1.53 on Friday, reaching $48.30. 4,554,195 shares of the stock were exchanged, compared to its average volume of 3,080,629. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The company's 50-day simple moving average is $47.42 and its two-hundred day simple moving average is $41.61.

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.