6,710 Shares in Viad Corp (NYSE:VVI) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new position in shares of Viad Corp (NYSE:VVI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,710 shares of the business services provider’s stock, valued at approximately $228,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Viad in the second quarter valued at approximately $2,380,000. Public Sector Pension Investment Board raised its holdings in Viad by 7.0% during the second quarter. Public Sector Pension Investment Board now owns 46,442 shares of the business services provider’s stock worth $1,579,000 after purchasing an additional 3,026 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Viad by 9.2% in the second quarter. Thrivent Financial for Lutherans now owns 19,820 shares of the business services provider’s stock valued at $674,000 after buying an additional 1,672 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Viad by 2.9% in the second quarter. Sei Investments Co. now owns 135,933 shares of the business services provider’s stock valued at $4,622,000 after purchasing an additional 3,852 shares during the period. Finally, MQS Management LLC acquired a new stake in shares of Viad in the 2nd quarter worth approximately $370,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VVI has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and set a $42.00 price objective (down from $46.00) on shares of Viad in a report on Monday, August 12th. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th.

Viad Stock Performance

NYSE VVI opened at $35.74 on Friday. The business’s 50-day moving average price is $33.85 and its 200 day moving average price is $34.70. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73. Viad Corp has a twelve month low of $22.88 and a twelve month high of $40.27. The company has a market capitalization of $755.11 million, a PE ratio of -94.05, a price-to-earnings-growth ratio of 2.15 and a beta of 2.04.

Viad (NYSE:VVI) last released 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. Viad had a net margin of 2.30% and a return on equity of 29.43%. The company had revenue of $378.54 million during the quarter, compared to the consensus estimate of $358.72 million. During the same period in the previous year, the firm earned $0.36 earnings per share. On average, research analysts predict that Viad Corp will post 1.1 earnings per share for the current year.

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.