Viad Corp (VVI) Holdings Boosted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its stake in shares of Viad Corp (NYSE:VVI) by 59.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,214 shares of the business services provider’s stock after acquiring an additional 3,808 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of Viad worth $622,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VVI. FMR LLC raised its stake in shares of Viad by 52.3% during the 2nd quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after purchasing an additional 250,850 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Viad during the 2nd quarter worth $9,442,000. Kennedy Capital Management Inc. raised its stake in shares of Viad by 65.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 166,780 shares of the business services provider’s stock worth $7,880,000 after purchasing an additional 66,131 shares during the period. Wells Fargo & Company MN raised its stake in shares of Viad by 8.9% during the 2nd quarter. Wells Fargo & Company MN now owns 718,952 shares of the business services provider’s stock worth $33,971,000 after purchasing an additional 58,568 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Viad during the 2nd quarter worth $2,752,000. Institutional investors and hedge funds own 86.12% of the company’s stock.

In related news, Director Robert E. Munzenrider sold 2,100 shares of Viad stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $56.01, for a total value of $117,621.00. Following the completion of the sale, the director now owns 21,179 shares of the company’s stock, valued at approximately $1,186,235.79. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Separately, Zacks Investment Research cut Viad from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th.

Viad Corp (NYSE:VVI) traded down $1.00 during midday trading on Thursday, hitting $56.55. The stock had a trading volume of 54,300 shares, compared to its average volume of 87,214. The company has a market cap of $1,174.68, a PE ratio of 20.78 and a beta of 0.50. Viad Corp has a 12 month low of $42.05 and a 12 month high of $61.85. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 0.13.

Viad (NYSE:VVI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.02. The company had revenue of $339.10 million for the quarter, compared to analysts’ expectations of $327.59 million. Viad had a return on equity of 13.91% and a net margin of 5.86%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 EPS. equities research analysts forecast that Viad Corp will post 2.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, December 14th. Viad’s dividend payout ratio (DPR) is currently 10.84%.

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Viad Company 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 (NYSE:VVI)

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