Polar Asset Management Partners Inc. Purchases Shares of 29,300 Viking Holdings Ltd (NYSE:VIK)

Polar Asset Management Partners Inc. purchased a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,300 shares of the company's stock, valued at approximately $1,022,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIK. Empirical Asset Management LLC grew its position in Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company's stock valued at $341,000 after purchasing an additional 550 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Viking during the third quarter valued at about $27,000. Fruth Investment Management increased its position in shares of Viking by 1.4% during the third quarter. Fruth Investment Management now owns 71,800 shares of the company's stock worth $2,505,000 after acquiring an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Viking in the 2nd quarter worth about $35,000. Finally, Sunbelt Securities Inc. bought a new position in Viking in the 2nd quarter valued at about $68,000.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus increased 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. Bank of America increased their target price on shares of Viking from $40.00 to $51.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price target on shares of Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, September 4th. Finally, Morgan Stanley upgraded Viking from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.92.

Viking Trading Up 0.9 %

Shares of VIK traded up $0.41 during midday trading on Friday, hitting $46.52. 2,328,481 shares of the company traded hands, compared to its average volume of 1,980,113. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $47.62. The stock has a 50-day moving average of $41.28 and a 200-day moving average of $36.00.

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.