Verition Fund Management LLC Boosts Holdings in Viking Holdings Ltd (NYSE:VIK)

Verition Fund Management LLC raised its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 22.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,965 shares of the company's stock after purchasing an additional 32,474 shares during the quarter. Verition Fund Management LLC's holdings in Viking were worth $6,105,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VIK. Avior Wealth Management LLC purchased a new position in Viking during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of Viking in the second quarter worth about $35,000. American National Bank acquired a new stake in Viking during the second quarter worth about $68,000. Sunbelt Securities Inc. purchased a new position in Viking during the second quarter valued at approximately $68,000. Finally, SG Americas Securities LLC acquired a new position in Viking in the third quarter valued at approximately $181,000.

Analyst Upgrades and Downgrades

VIK has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Bank of America upped their target price on 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 target price on shares of Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Barclays upped their price objective on Viking from $43.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and a consensus price target of $41.92.

Viking Price Performance

Shares of VIK stock traded down $0.61 during trading hours on Tuesday, hitting $45.62. The stock had a trading volume of 3,549,092 shares, compared to its average volume of 1,969,935. The stock's 50 day moving average is $40.59 and its 200 day moving average is $35.73. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $47.62.

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.