Viking Holdings Ltd (NYSE:VIK) Shares Acquired by Crestwood Capital Management L.P.

Crestwood Capital Management L.P. increased its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 236.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 471,522 shares of the company’s stock after purchasing an additional 331,522 shares during the quarter. Viking makes up about 12.7% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 3rd biggest holding. Crestwood Capital Management L.P. owned 0.11% of Viking worth $16,451,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in Viking during the second quarter worth $2,063,879,000. Select Equity Group L.P. bought a new stake in Viking during the second quarter worth $145,989,000. Massachusetts Financial Services Co. MA raised its position in Viking by 36.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock worth $102,993,000 after acquiring an additional 793,795 shares in the last quarter. Forest Avenue Capital Management LP bought a new stake in Viking during the second quarter worth $58,008,000. Finally, Allspring Global Investments Holdings LLC raised its position in Viking by 282.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after acquiring an additional 971,152 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on VIK shares. Bank of America upped their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price target on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Stifel Nicolaus upped 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, November 18th. Barclays upped their price target on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Viking Stock Up 1.0 %

NYSE:VIK opened at $45.78 on Tuesday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $46.41. The firm’s 50-day simple moving average is $39.05 and its 200 day simple moving average is $34.96.

Viking Company 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.