Viad Corp (NYSE:VVI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Viad Corp (NYSE:VVI) by 15.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,042,265 shares of the business services provider’s stock after acquiring an additional 269,440 shares during the period. Victory Capital Management Inc. owned about 0.10% of Viad worth $73,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VVI. Harbor Capital Advisors Inc. boosted its holdings in shares of Viad by 455.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock valued at $1,172,000 after buying an additional 28,262 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Viad by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock valued at $48,716,000 after buying an additional 13,814 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of Viad by 3.6% in the 3rd 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 in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Viad by 20.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock valued at $3,484,000 after buying an additional 17,399 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Viad by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after buying an additional 22,339 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VVI. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Oppenheimer upped their target price on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, B. Riley reiterated a “buy” rating and issued a $42.00 price target (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th.

Viad Stock Down 3.0 %

VVI stock opened at $43.30 on Thursday. The company has a fifty day moving average price of $36.94 and a 200 day moving average price of $35.22. Viad Corp has a 12 month low of $29.46 and a 12 month high of $47.49. The company has a market cap of $917.96 million, a price-to-earnings ratio of 86.60, a price-to-earnings-growth ratio of 2.70 and a beta of 2.04. 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 released its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The firm had revenue of $455.70 million during the quarter, compared to the consensus estimate of $437.10 million. During the same quarter in the prior year, the firm earned $1.49 EPS. Sell-side analysts expect that Viad Corp will post 1.1 earnings per share for the current 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.