Thrivent Financial for Lutherans Sells 2,853 Shares of Viad Corp (NYSE:VVI)

Thrivent Financial for Lutherans decreased its holdings in Viad Corp (NYSE:VVI) by 14.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,967 shares of the business services provider’s stock after selling 2,853 shares during the period. Thrivent Financial for Lutherans’ holdings in Viad were worth $608,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VVI. Victory Capital Management Inc. lifted its holdings in Viad by 15.2% in the third quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock valued at $73,174,000 after buying an additional 269,440 shares during the period. GSA Capital Partners LLP acquired a new position in Viad in the third quarter valued at $210,000. River Road Asset Management LLC lifted its holdings in Viad by 3.6% in the third quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after buying an additional 67,292 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Viad by 7.9% in the third quarter. Harbor Capital Advisors Inc. now owns 37,201 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 2,735 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Viad by 1.0% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 112,815 shares of the business services provider’s stock valued at $4,042,000 after buying an additional 1,165 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

VVI has been the topic of several recent analyst reports. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Oppenheimer upped their price objective on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, B. Riley reiterated a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a report on Monday, August 12th.

Viad Price Performance

Shares of NYSE VVI opened at $45.43 on Thursday. The firm’s 50-day moving average price is $40.06 and its 200-day moving average price is $36.17. Viad Corp has a 1-year low of $29.46 and a 1-year high of $47.49. The firm has a market capitalization of $963.12 million, a P/E ratio of 90.86, a P/E/G ratio of 2.40 and a beta of 2.07. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01.

Viad (NYSE:VVI) last posted its earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The company had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. During the same quarter in the prior year, the business posted $1.49 EPS. Equities research analysts anticipate that Viad Corp will post 1.25 earnings per share for the current fiscal year.

Viad Company 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.