Crestwood Capital Management L.P. Purchases 331,522 Shares of Viking Holdings Ltd (NYSE:VIK)

Crestwood Capital Management L.P. increased its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 236.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 471,522 shares of the company's stock after acquiring an additional 331,522 shares during the period. Viking makes up 12.7% of Crestwood Capital Management L.P.'s investment portfolio, making the stock its 3rd largest position. Crestwood Capital Management L.P. owned about 0.11% of Viking worth $16,451,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Renaissance Capital LLC acquired a new position in shares of Viking in the 2nd quarter valued at about $2,250,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Viking during the 2nd quarter worth $2,226,000. Cascade Investment Group Inc. purchased a new position in Viking in the second quarter valued at about $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Viking in the 2nd quarter worth approximately $1,004,000. Finally, American National Bank bought a new stake in shares of Viking in the 2nd quarter valued at approximately $68,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Viking from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Barclays increased their price target on shares of Viking from $43.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.00.

Viking Stock Up 3.4 %

NYSE VIK traded up $1.55 during trading on Tuesday, reaching $47.33. 1,502,970 shares of the stock traded hands, compared to its average volume of 1,954,809. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $47.52. The stock's 50-day moving average price is $39.31 and its 200 day moving average price is $35.08.

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.