Viad Corp (NYSE:VVI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its stake in shares of Viad Corp (NYSE:VVI) by 13.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,983 shares of the business services provider’s stock after selling 4,388 shares during the quarter. Jane Street Group LLC’s holdings in Viad were worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of Viad by 2.2% in the third quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock worth $27,458,000 after acquiring an additional 16,419 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Viad during the 3rd quarter worth $222,000. Centiva Capital LP acquired a new stake in Viad in the 3rd quarter valued at $274,000. ClearAlpha Technologies LP acquired a new position in shares of Viad during the third quarter worth about $254,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Viad by 224.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after buying an additional 858 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price target on Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

Viad Price Performance

Shares of VVI stock opened at $42.81 on Tuesday. The firm has a fifty day moving average of $42.85 and a two-hundred day moving average of $37.38. The firm has a market cap of $907.66 million, a P/E ratio of 85.62, a P/E/G ratio of 2.39 and a beta of 2.07. Viad Corp has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97.

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