Cinctive Capital Management LP Has $5.99 Million Stock Position in Viking Holdings Ltd (NYSE:VIK)

Cinctive Capital Management LP raised its stake in Viking Holdings Ltd (NYSE:VIK) by 20.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,609 shares of the company’s stock after acquiring an additional 29,566 shares during the quarter. Cinctive Capital Management LP’s holdings in Viking were worth $5,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Avior Wealth Management LLC acquired a new position in shares of Viking during the third quarter valued at $27,000. Valley Wealth Managers Inc. acquired a new stake in shares of Viking during the second quarter worth $35,000. Sunbelt Securities Inc. bought a new stake in Viking in the second quarter valued at about $68,000. American National Bank acquired a new position in Viking in the second quarter valued at about $68,000. Finally, SG Americas Securities LLC bought a new position in Viking during the third quarter worth about $181,000.

Viking Stock Performance

Shares of VIK opened at $46.45 on Monday. The firm has a 50 day simple moving average of $40.35 and a two-hundred day simple moving average of $35.60. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $47.62.

Analysts Set New Price Targets

VIK has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Barclays increased their price target on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.