Principal Financial Group Inc. cut its position in shares of Viad Corp (NYSE:VVI – Free Report) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,531 shares of the business services provider’s stock after selling 6,974 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Viad worth $2,922,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Panagora Asset Management Inc. increased its position in shares of Viad by 56.0% during the third quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock worth $1,143,000 after buying an additional 15,655 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in Viad by 51.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock worth $2,395,000 after purchasing an additional 30,915 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Viad by 100.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after purchasing an additional 2,587 shares during the period. SG Americas Securities LLC acquired a new stake in Viad in the third quarter worth $161,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Viad by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,692 shares of the business services provider’s stock worth $180,000 after purchasing an additional 361 shares during the period. 91.45% of the stock is currently owned by institutional investors and hedge funds.
Viad Stock Up 3.2 %
VVI opened at $33.41 on Friday. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.19 and a quick ratio of 1.15. The company’s 50-day moving average is $34.47 and its 200 day moving average is $30.24. Viad Corp has a fifty-two week low of $17.09 and a fifty-two week high of $37.99. The firm has a market capitalization of $698.94 million, a P/E ratio of 123.75, a PEG ratio of 1.29 and a beta of 1.96.
Insider Activity at Viad
Wall Street Analyst Weigh In
Separately, Oppenheimer raised their price target on shares of Viad from $36.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Viad presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.
Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, the United Arab Emirates, Netherlands, and Iceland. It operates through Pursuit, Spiro, and GES Exhibitions segments. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.
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