Central Pacific Bank Trust Division Has $387,000 Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Central Pacific Bank Trust Division lowered its stake in Viking Holdings Ltd (NYSE:VIK) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,791 shares of the company’s stock after selling 819 shares during the period. Central Pacific Bank Trust Division’s holdings in Viking were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Avior Wealth Management LLC bought a new position in Viking during the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new stake in Viking in the 2nd quarter valued at approximately $35,000. Sunbelt Securities Inc. bought a new stake in Viking in the 2nd quarter valued at approximately $68,000. SG Americas Securities LLC acquired a new position in Viking during the 3rd quarter worth approximately $181,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Viking during the 3rd quarter worth approximately $187,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

Shares of NYSE:VIK opened at $42.82 on Friday. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $47.62. The company’s 50 day simple moving average is $44.42 and its 200 day simple moving average is $38.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VIK shares. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday, December 13th. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Citigroup assumed coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target for the company. Stifel Nicolaus boosted 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. Finally, Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.85.

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.