45,705 Shares in Viad Corp (VVI) Acquired by EAM Investors LLC

EAM Investors LLC bought a new position in shares of Viad Corp (NYSE:VVI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 45,705 shares of the business services provider’s stock, valued at approximately $2,783,000. EAM Investors LLC owned 0.22% of Viad Corp at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in Viad Corp by 0.9% during the second quarter. Arizona State Retirement System now owns 10,673 shares of the business services provider’s stock worth $504,000 after buying an additional 100 shares during the period. Rhumbline Advisers boosted its stake in Viad Corp by 0.4% during the second quarter. Rhumbline Advisers now owns 41,280 shares of the business services provider’s stock worth $1,950,000 after buying an additional 149 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Viad Corp by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,409 shares of the business services provider’s stock worth $728,000 after buying an additional 158 shares during the period. Texas Permanent School Fund boosted its stake in Viad Corp by 1.2% during the second quarter. Texas Permanent School Fund now owns 14,880 shares of the business services provider’s stock worth $703,000 after buying an additional 177 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in Viad Corp by 0.6% during the second quarter. Suntrust Banks Inc. now owns 32,961 shares of the business services provider’s stock worth $1,557,000 after buying an additional 200 shares during the period. 86.73% of the stock is owned by institutional investors.

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Several research analysts have weighed in on VVI shares. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 target price for the company in a research note on Saturday, July 29th.

Shares of Viad Corp (NYSE VVI) traded up $0.20 on Tuesday, hitting $55.90. 137,800 shares of the stock traded hands, compared to its average volume of 87,123. The firm has a market capitalization of $1,136.92, a PE ratio of 20.11 and a beta of 0.51. Viad Corp has a 1-year low of $42.05 and a 1-year high of $61.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.71 and a quick ratio of 0.60.

Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.02. The business had revenue of $339.10 million for the quarter, compared to analysts’ expectations of $327.59 million. Viad Corp had a net margin of 5.86% and a return on equity of 13.91%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. equities research analysts forecast that Viad Corp will post 2.59 EPS for the current year.

Viad Corp Company Profile

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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