Viad Corp (VVI) Position Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in Viad Corp (NYSE:VVI) by 34.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the business services provider’s stock after purchasing an additional 2,900 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Viad Corp worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in shares of Viad Corp in the second quarter worth approximately $107,000. SG Americas Securities LLC bought a new position in shares of Viad Corp in the second quarter worth approximately $120,000. Asset Management One Co. Ltd. bought a new position in shares of Viad Corp in the first quarter worth approximately $151,000. State of Alaska Department of Revenue boosted its position in shares of Viad Corp by 79.5% in the second quarter. State of Alaska Department of Revenue now owns 4,020 shares of the business services provider’s stock worth $189,000 after purchasing an additional 1,780 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Viad Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,749 shares of the business services provider’s stock worth $215,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

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Viad Corp (VVI) opened at 59.60 on Friday. Viad Corp has a 12 month low of $36.20 and a 12 month high of $61.85. The company’s 50 day moving average is $59.01 and its 200-day moving average is $50.63. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 18.80 and a beta of 0.52.

Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The company had revenue of $339.10 million during the quarter, compared to analyst estimates of $327.59 million. Viad Corp had a net margin of 5.86% and a return on equity of 14.64%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 EPS. On average, analysts expect that Viad Corp will post $2.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, September 7th. Viad Corp’s payout ratio is presently 10.84%.

A number of equities analysts have weighed in on VVI shares. BidaskClub upgraded shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research report on Saturday, July 29th.

Viad Corp Profile

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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