WCM Investment Management LLC Takes $6.22 Million Position in Viking Holdings Ltd (NYSE:VIK)

WCM Investment Management LLC bought a new stake in Viking Holdings Ltd (NYSE:VIK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 141,281 shares of the company’s stock, valued at approximately $6,218,000.

Other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the period. Franklin Resources Inc. lifted its stake in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after buying an additional 836,353 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares during the period. D1 Capital Partners L.P. boosted its holdings in shares of Viking by 192.9% during the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after buying an additional 1,703,301 shares in the last quarter. Finally, Forest Avenue Capital Management LP grew its position in shares of Viking by 11.4% during the 3rd quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company’s stock worth $66,403,000 after buying an additional 194,082 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

VIK has been the topic of a number of research reports. Bank of America boosted their target price on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Barclays restated an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research note on Friday, December 13th. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. Finally, Truist Financial raised their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.13.

Viking Price Performance

NYSE VIK opened at $52.85 on Monday. The business has a fifty day simple moving average of $46.37 and a 200 day simple moving average of $40.54. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14.

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.