Vanguard Group Inc. Raises Stake in Viad Corp (NYSE:VVI)

Vanguard Group Inc. lifted its position in shares of Viad Corp (NYSE:VVI) by 0.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,377,674 shares of the business services provider’s stock after buying an additional 413 shares during the quarter. Vanguard Group Inc. owned approximately 6.59% of Viad worth $36,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Viad by 76.8% during the third quarter. Royal Bank of Canada now owns 882 shares of the business services provider’s stock worth $29,000 after buying an additional 383 shares in the last quarter. UBS Group AG grew its holdings in Viad by 191.8% in the third quarter. UBS Group AG now owns 922 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 606 shares during the period. Captrust Financial Advisors grew its holdings in Viad by 211.5% in the first quarter. Captrust Financial Advisors now owns 894 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 607 shares during the period. Covestor Ltd purchased a new stake in Viad in the first quarter valued at approximately $61,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Viad by 733.7% in the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 3,221 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VVI. TheStreet upgraded shares of Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. B. Riley restated a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.33.

Viad Trading Down 4.4 %

Shares of VVI stock opened at $36.37 on Thursday. The stock has a market cap of $768.13 million, a price-to-earnings ratio of -191.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. Viad Corp has a fifty-two week low of $17.09 and a fifty-two week high of $39.98. The firm’s 50 day moving average price is $35.63 and its two-hundred day moving average price is $32.66.

Viad (NYSE:VVI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). The business had revenue of $291.68 million for the quarter, compared to analyst estimates of $277.81 million. Viad had a net margin of 0.96% and a return on equity of 13.05%. On average, analysts anticipate that Viad Corp will post 2.04 EPS for the current year.

About Viad

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.