CIBC Asset Management Inc Takes $306,000 Position in Viking Holdings Ltd (NYSE:VIK)

CIBC Asset Management Inc acquired a new stake in Viking Holdings Ltd (NYSE:VIK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,766 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds also recently made changes to their positions in the stock. Valley Wealth Managers Inc. purchased a new stake in shares of Viking during the second quarter worth about $35,000. American National Bank bought a new position in Viking in the 2nd quarter worth approximately $68,000. Sunbelt Securities Inc. bought a new stake in shares of Viking during the second quarter valued at about $68,000. SG Americas Securities LLC bought a new position in shares of Viking in the third quarter valued at approximately $181,000. Finally, Scientech Research LLC bought a new stake in Viking in the second quarter worth about $200,000.

Viking Stock Up 1.2 %

NYSE:VIK opened at $44.92 on Friday. The firm’s 50 day moving average is $38.55 and its 200 day moving average is $34.69. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $46.25.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities research analysts anticipate that Viking Holdings Ltd will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays raised their target price on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Bank of America raised their target price on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus raised their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company upped their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Viking 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.