1,135 Shares in Viad Corp (NYSE:VVI) Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale acquired a new position in shares of Viad Corp (NYSE:VVI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,135 shares of the business services provider’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VVI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Viad by 63.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,748 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Viad in the fourth quarter valued at $163,000. Lazard Asset Management LLC bought a new stake in shares of Viad in the 1st quarter worth about $228,000. Virtu Financial LLC purchased a new position in shares of Viad during the 4th quarter worth about $234,000. Finally, Trexquant Investment LP bought a new position in Viad during the 4th quarter valued at about $238,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Viad Stock Performance

Shares of NYSE:VVI opened at $35.00 on Friday. The firm’s 50 day simple moving average is $33.96 and its 200-day simple moving average is $34.79. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.02 and a current ratio of 1.07. Viad Corp has a one year low of $22.88 and a one year high of $40.27. The firm has a market cap of $739.48 million, a PE ratio of -92.11, a price-to-earnings-growth ratio of 1.91 and a beta of 2.04.

Viad (NYSE:VVI) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.77 by $0.20. Viad had a return on equity of 29.43% and a net margin of 2.30%. The company had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. During the same period last year, the business posted $0.36 EPS. As a group, equities analysts predict that Viad Corp will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

VVI has been the subject of several analyst reports. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $42.00 price target (down from $46.00) on shares of Viad in a research note on Monday, August 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th.

Viad Company Profile

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.