R Squared Ltd Buys New Position in Viking Holdings Ltd (NYSE:VIK)

R Squared Ltd acquired a new stake in Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,280 shares of the company’s stock, valued at approximately $321,000.

Several other large investors have also modified their holdings of the company. Avior Wealth Management LLC increased its stake in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares during the period. Empirical Asset Management LLC raised its stake in Viking by 6.0% during the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after acquiring an additional 550 shares during the last quarter. Merit Financial Group LLC lifted its position in Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after acquiring an additional 700 shares during the period. Fruth Investment Management grew its stake in shares of Viking by 1.4% in the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in shares of Viking by 7.2% in the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after purchasing an additional 1,165 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIK has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Bank of America lifted their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Truist Financial raised their price target on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.43.

Viking Trading Up 0.4 %

Shares of NYSE:VIK opened at $48.95 on Wednesday. The stock has a 50-day simple moving average of $45.48 and a 200-day simple moving average of $39.67. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $49.91.

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.