Yousif Capital Management LLC Buys 2,208 Shares of Viad Corp (NYSE:VVI)

Yousif Capital Management LLC raised its stake in Viad Corp (NYSE:VVI) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,696 shares of the business services provider’s stock after acquiring an additional 2,208 shares during the period. Yousif Capital Management LLC owned approximately 0.06% of Viad worth $460,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC increased its position in Viad by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock worth $409,000 after purchasing an additional 375 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Viad by 5.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,848 shares of the business services provider’s stock worth $284,000 after buying an additional 522 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Viad by 100.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock valued at $135,000 after buying an additional 2,587 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of Viad by 29.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 12,512 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Arizona State Retirement System purchased a new position in Viad in the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Stock Performance

Shares of VVI stock opened at $33.23 on Tuesday. The business has a fifty day moving average of $36.21 and a 200 day moving average of $33.84. Viad Corp has a 1 year low of $20.91 and a 1 year high of $39.98. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.03 and a quick ratio of 0.98. The firm has a market capitalization of $701.82 million, a price-to-earnings ratio of -87.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.97.

Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.09). The business had revenue of $291.68 million during the quarter, compared to analysts’ expectations of $277.81 million. Viad had a net margin of 0.61% and a return on equity of 12.04%. As a group, research analysts expect that Viad Corp will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VVI shares. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. B. Riley restated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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.