River Road Asset Management LLC Trims Holdings in Viad Corp (VVI)

River Road Asset Management LLC reduced its holdings in shares of Viad Corp (NYSE:VVI) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,575 shares of the business services provider’s stock after selling 1,900 shares during the quarter. River Road Asset Management LLC owned approximately 0.46% of Viad worth $5,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VVI. Thrivent Financial For Lutherans raised its holdings in Viad by 7.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,260 shares of the business services provider’s stock valued at $579,000 after acquiring an additional 880 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Viad by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after buying an additional 46,596 shares in the last quarter. FMR LLC raised its holdings 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 buying an additional 250,850 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Viad by 19.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 53,936 shares of the business services provider’s stock worth $2,548,000 after buying an additional 8,836 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Viad by 34.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 11,300 shares of the business services provider’s stock worth $534,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 86.10% of the company’s stock.

Shares of Viad Corp (VVI) traded up $0.80 during trading on Friday, hitting $52.85. The company had a trading volume of 114,722 shares, compared to its average volume of 114,012. Viad Corp has a 52 week low of $42.05 and a 52 week high of $61.85. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. The company has a market cap of $1,062.42, a price-to-earnings ratio of 18.74 and a beta of 0.51.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The business had revenue of $277.30 million for the quarter, compared to the consensus estimate of $266.85 million. Viad had a return on equity of 12.73% and a net margin of 4.42%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. analysts predict that Viad Corp will post 2.73 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on VVI. Zacks Investment Research lowered Viad from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

In other news, Director Robert E. Munzenrider sold 2,100 shares of the stock in a transaction that occurred on 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 directly owns 21,179 shares of the company’s stock, valued at $1,186,235.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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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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