Viad Corp (NYSE:VVI) Stake Lessened by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Viad Corp (NYSE:VVI) by 49.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,474 shares of the business services provider’s stock after selling 5,374 shares during the period. PNC Financial Services Group Inc.’s holdings in Viad were worth $198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Viad by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 169,787 shares of the business services provider’s stock valued at $4,448,000 after buying an additional 9,617 shares during the period. Hsbc Holdings PLC bought a new position in shares of Viad during the 3rd quarter valued at about $205,000. SkyView Investment Advisors LLC grew its stake in shares of Viad by 2.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock worth $409,000 after purchasing an additional 375 shares during the last quarter. Mesirow Financial Investment Management Inc. acquired a new position in shares of Viad in the 4th quarter worth approximately $316,000. Finally, Arizona State Retirement System bought a new stake in shares of Viad in the 4th quarter worth approximately $211,000. 89.91% of the stock is owned by institutional investors.

Viad Stock Up 1.3 %

Shares of NYSE:VVI opened at $33.31 on Wednesday. Viad Corp has a 52 week low of $22.88 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 4.67, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market cap of $703.84 million, a PE ratio of -87.66, a price-to-earnings-growth ratio of 1.40 and a beta of 2.04. The firm has a 50 day simple moving average of $34.50 and a 200 day simple moving average of $35.01.

Viad (NYSE:VVI) last released its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). Viad had a net margin of 0.61% and a return on equity of 12.70%. The business had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $271.11 million. As a group, research analysts expect that Viad Corp will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on VVI shares. TheStreet upgraded shares of Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. B. Riley reaffirmed a “buy” rating and set a $50.00 target price (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th.

Viad 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.