Fmr LLC Boosts Stock Holdings in Viad Corp (NYSE:VVI)

Fmr LLC lifted its stake in Viad Corp (NYSE:VVI) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,732 shares of the business services provider’s stock after buying an additional 1,601 shares during the period. Fmr LLC’s holdings in Viad were worth $385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Viad during the 2nd quarter worth approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Viad in the third quarter worth approximately $210,000. Squarepoint Ops LLC purchased a new position in shares of Viad in the second quarter worth $228,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Viad by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after buying an additional 350 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Viad Trading Up 1.0 %

VVI opened at $42.87 on Friday. Viad Corp has a one year low of $29.46 and a one 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. The business has a 50 day simple moving average of $41.81 and a two-hundred day simple moving average of $36.87. The firm has a market capitalization of $908.93 million, a price-to-earnings ratio of 85.74, a PEG ratio of 2.39 and a beta of 2.07.

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

Analyst Ratings Changes

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

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.