GAM Holding AG Makes New Investment in Viking Holdings Ltd (NYSE:VIK)

GAM Holding AG acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 408,501 shares of the company’s stock, valued at approximately $14,253,000. Viking comprises about 1.1% of GAM Holding AG’s investment portfolio, making the stock its 19th largest holding. GAM Holding AG owned approximately 0.09% of Viking at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VIK. Canada Pension Plan Investment Board acquired a new position in shares of Viking during the 2nd quarter worth about $2,063,879,000. Select Equity Group L.P. acquired a new position in shares of Viking during the 2nd quarter worth about $145,989,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Viking during the 2nd quarter worth about $73,247,000. Forest Avenue Capital Management LP acquired a new position in shares of Viking during the 2nd quarter worth about $58,008,000. Finally, Millennium Management LLC acquired a new position in shares of Viking during the 2nd quarter worth about $42,008,000.

Viking Stock Performance

NYSE:VIK opened at $39.59 on Wednesday. The stock’s fifty day moving average price is $35.11. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $39.70.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, analysts expect that Viking Holdings Ltd will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on VIK. Wells Fargo & Company upped their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Morgan Stanley upped their price objective on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Barclays upped their price objective on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Bank of America upped their price objective on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

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.