Crestwood Capital Management L.P. Grows Position in Viking Holdings Ltd (NYSE:VIK)

Crestwood Capital Management L.P. increased its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 236.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 471,522 shares of the company’s stock after acquiring an additional 331,522 shares during the quarter. Viking comprises about 12.7% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 3rd largest holding. Crestwood Capital Management L.P.’s holdings in Viking were worth $16,451,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VIK. Empirical Asset Management LLC grew its stake in Viking by 6.0% during the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock worth $341,000 after buying an additional 550 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in Viking during the third quarter worth about $27,000. Fruth Investment Management grew its stake in Viking by 1.4% during the third quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after buying an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in Viking during the second quarter worth about $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in Viking during the second quarter worth about $68,000.

Analysts Set New Price Targets

VIK has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Barclays raised their price target on shares of Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Finally, Bank of America raised their price target 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Viking Trading Up 1.0 %

Shares of NYSE VIK opened at $45.78 on Tuesday. The company has a 50 day simple moving average of $39.05 and a 200 day simple moving average of $34.96. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $46.41.

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.