Texas Permanent School Fund Corp Buys 1,631 Shares of Viad Corp (NYSE:VVI)

Texas Permanent School Fund Corp increased its stake in shares of Viad Corp (NYSE:VVI) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,939 shares of the business services provider’s stock after buying an additional 1,631 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Viad were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of VVI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 acquiring an additional 1,748 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Viad during the 4th quarter worth about $163,000. Lazard Asset Management LLC bought a new position in Viad during the 1st quarter valued at about $228,000. Virtu Financial LLC acquired a new position in Viad in the fourth quarter valued at about $234,000. Finally, Trexquant Investment LP bought a new stake in Viad during the fourth quarter worth about $238,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Viad Price Performance

VVI opened at $35.00 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $739.48 million, a P/E ratio of -92.11, a price-to-earnings-growth ratio of 1.91 and a beta of 2.04. The company’s 50 day simple moving average is $33.96 and its 200-day simple moving average is $34.79. Viad Corp has a one year low of $22.88 and a one year high of $40.27.

Viad (NYSE:VVI) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.20. The firm had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. Viad had a return on equity of 29.43% and a net margin of 2.30%. During the same quarter in the prior year, the business earned $0.36 EPS. Sell-side analysts anticipate that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on VVI. 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 reissued a “buy” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Viad in a research note on Monday, August 12th. Finally, StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

About Viad

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.