Louisiana State Employees Retirement System lessened its position in shares of Viad Corp (NYSE:VVI – Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the business services provider’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Viad were worth $365,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in VVI. DekaBank Deutsche Girozentrale acquired a new position in Viad in the second quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after buying an additional 1,748 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Viad during the first quarter worth about $228,000. Squarepoint Ops LLC acquired a new position in Viad in the 2nd quarter valued at about $228,000. Finally, The Manufacturers Life Insurance Company raised its stake in Viad by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.
Viad Stock Up 8.8 %
VVI opened at $42.95 on Thursday. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. Viad Corp has a 12 month low of $27.94 and a 12 month high of $45.61. The stock has a market capitalization of $908.82 million, a P/E ratio of 165.19, a P/E/G ratio of 2.34 and a beta of 2.04. The business has a 50 day simple moving average of $35.94 and a 200-day simple moving average of $34.91.
Analyst Upgrades and Downgrades
VVI has been the topic of a number of recent research reports. Oppenheimer reissued an “outperform” rating and issued a $41.00 target price on shares of Viad in a report on Tuesday, September 17th. B. Riley restated a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. Finally, StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th.
Read Our Latest Stock Analysis on VVI
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.
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