Fruth Investment Management Sells 1,300 Shares of Viking Holdings Ltd (NYSE:VIK)

Fruth Investment Management lowered its position in Viking Holdings Ltd (NYSE:VIK) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,500 shares of the company’s stock after selling 1,300 shares during the period. Fruth Investment Management’s holdings in Viking were worth $3,106,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC purchased a new position in shares of Viking during the 3rd quarter worth $27,000. SG Americas Securities LLC bought a new position in shares of Viking in the third quarter worth about $181,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Viking during the 3rd quarter valued at about $187,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Viking during the 3rd quarter valued at approximately $204,000. Finally, Commerce Bank purchased a new stake in Viking in the 3rd quarter worth approximately $276,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VIK shares. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Stifel Nicolaus lifted their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Truist Financial upped their price target on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Viking Stock Performance

Viking stock opened at $51.93 on Thursday. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $52.11. The company’s 50-day moving average price is $46.11 and its 200-day moving average price is $40.27.

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.