Victory Capital Management Inc. grew its position in Viad Corp (NYSE:VVI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 989,553 shares of the business services provider’s stock after acquiring an additional 9,425 shares during the quarter. Victory Capital Management Inc. owned about 4.87% of Viad worth $58,631,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in VVI. California Public Employees Retirement System raised its stake in shares of Viad by 6.9% in the first quarter. California Public Employees Retirement System now owns 31,887 shares of the business services provider’s stock valued at $1,672,000 after acquiring an additional 2,048 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in shares of Viad in the first quarter valued at $312,000. Reinhart Partners Inc. raised its stake in shares of Viad by 13.1% in the second quarter. Reinhart Partners Inc. now owns 22,695 shares of the business services provider’s stock valued at $1,231,000 after acquiring an additional 2,630 shares during the period. Bessemer Group Inc. raised its stake in shares of Viad by 0.4% in the second quarter. Bessemer Group Inc. now owns 220,051 shares of the business services provider’s stock valued at $11,938,000 after acquiring an additional 940 shares during the period. Finally, River Road Asset Management LLC raised its stake in shares of Viad by 6.7% in the second quarter. River Road Asset Management LLC now owns 100,785 shares of the business services provider’s stock valued at $5,468,000 after acquiring an additional 6,337 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
NYSE VVI opened at $49.91 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $992.50 million, a PE ratio of 19.05 and a beta of 0.87. Viad Corp has a 12 month low of $46.58 and a 12 month high of $62.50.
Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.72 EPS for the quarter, missing the Zacks’ consensus estimate of $1.84 by ($0.12). The company had revenue of $358.16 million during the quarter, compared to the consensus estimate of $381.40 million. Viad had a return on equity of 10.14% and a net margin of 2.34%. As a group, equities research analysts anticipate that Viad Corp will post 2.43 earnings per share for the current year.
Several equities research analysts have recently weighed in on VVI shares. Zacks Investment Research downgraded shares of Viad from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. ValuEngine downgraded shares of Viad from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Northcoast Research reissued a “neutral” rating on shares of Viad in a research note on Friday, July 27th.
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Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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