State of Alaska Department of Revenue Sells 327 Shares of Viad Corp (NYSE:VVI)

State of Alaska Department of Revenue decreased its position in Viad Corp (NYSE:VVI) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,078 shares of the business services provider’s stock after selling 327 shares during the quarter. State of Alaska Department of Revenue’s holdings in Viad were worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Viad during the 2nd quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $152,000 after acquiring an additional 1,748 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Viad during the first quarter valued at about $228,000. Squarepoint Ops LLC purchased a new stake in shares of Viad during the second quarter worth about $228,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Viad by 4.5% during the second 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 in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VVI. B. Riley reissued a “buy” rating and issued a $42.00 price target (down from $46.00) on shares of Viad in a research note on Monday, August 12th. Oppenheimer restated an “outperform” rating and set a $41.00 target price on shares of Viad in a report on Tuesday, September 17th. Finally, StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

Viad Stock Performance

Viad stock opened at $44.48 on Friday. The stock’s 50 day moving average is $36.29 and its 200 day moving average is $35.02. The company has a market capitalization of $941.37 million, a P/E ratio of 88.96, a PEG ratio of 2.34 and a beta of 2.04. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 3.73.

Viad (NYSE:VVI) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Viad had a net margin of 2.30% and a return on equity of 29.43%. The business had revenue of $378.54 million during the quarter, compared to analyst estimates of $358.72 million. During the same period last year, the business earned $0.36 EPS. On average, equities research analysts predict that Viad Corp will post 1.1 earnings per share for the current fiscal year.

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.