Viad Corp (NYSE:VVI) Shares Bought by River Road Asset Management LLC

by · The Cerbat Gem

River Road Asset Management LLC raised its position in Viad Corp (NYSE:VVI – Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950,097 shares of the business services provider’s stock after acquiring an additional 67,292 shares during the quarter. River Road Asset Management LLC owned approximately 9.23% of Viad worth $69,872,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VVI. DekaBank Deutsche Girozentrale acquired a new position in Viad in the second quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,748 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Viad in the first quarter valued at approximately $228,000. Squarepoint Ops LLC acquired a new position in Viad in the second quarter valued at approximately $228,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Viad by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after purchasing an additional 350 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Trading Down 2.5 %

NYSE:VVI opened at $37.60 on Tuesday. The stock has a fifty day moving average price of $35.68 and a two-hundred day moving average price of $34.82. The stock has a market capitalization of $795.62 million, a price-to-earnings ratio of 148.31, a PEG ratio of 2.27 and a beta of 2.04. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.02 and a current ratio of 1.07. Viad Corp has a 1 year low of $27.55 and a 1 year high of $45.61.

Viad (NYSE:VVI – Get Free Report) last posted its earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.20. The company had revenue of $378.54 million for the quarter, compared to analyst estimates 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 company earned $0.36 earnings per share. As a group, sell-side analysts anticipate that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. B. Riley reiterated a “buy” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th.

Get Our Latest Analysis on Viad

Viad Company Profile

(Free Report)

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.

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