Resources Investment Advisors LLC. purchased a new stake in shares of Viad Corp (NYSE:VVI – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,652 shares of the business services provider’s stock, valued at approximately $305,000. Resources Investment Advisors LLC. owned 0.07% of Viad as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the company. Credit Suisse AG boosted its holdings in shares of Viad by 21.7% during the first quarter. Credit Suisse AG now owns 17,222 shares of the business services provider’s stock worth $359,000 after purchasing an additional 3,065 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Viad by 444.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 15,792 shares of the business services provider’s stock valued at $329,000 after buying an additional 12,893 shares in the last quarter. Boston Partners raised its position in shares of Viad by 20.5% during the 1st quarter. Boston Partners now owns 475,293 shares of the business services provider’s stock valued at $9,809,000 after purchasing an additional 80,946 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Viad by 52.1% during the 1st quarter. Russell Investments Group Ltd. now owns 22,307 shares of the business services provider’s stock valued at $465,000 after buying an additional 7,644 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Viad by 18.3% in the 1st quarter. Barclays PLC now owns 15,796 shares of the business services provider’s stock worth $329,000 after buying an additional 2,446 shares during the period. Hedge funds and other institutional investors own 91.95% of the company’s stock.
Wall Street Analysts Forecast Growth
VVI has been the subject of several research analyst reports. Craig Hallum started coverage on Viad in a research report on Wednesday, June 28th. They set a “buy” rating and a $40.00 target price for the company. Oppenheimer lifted their price objective on shares of Viad from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. TheStreet upgraded shares of Viad from a “d+” rating to a “c” rating in a research report on Monday, August 14th. StockNews.com started coverage on Viad in a report on Sunday, August 20th. They issued a “hold” rating on the stock. Finally, B. Riley upped their price objective on Viad from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Viad has an average rating of “Moderate Buy” and a consensus target price of $39.67.
Viad Stock Down 2.0 %
Shares of VVI stock opened at $27.98 on Friday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.99 and a current ratio of 1.05. Viad Corp has a fifty-two week low of $17.09 and a fifty-two week high of $41.71. The firm has a market capitalization of $584.22 million, a PE ratio of 116.58, a P/E/G ratio of 7.61 and a beta of 1.75. The stock’s 50-day simple moving average is $27.29 and its 200-day simple moving average is $24.19.
Viad (NYSE:VVI – Get Free Report) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Viad had a return on equity of 2.70% and a net margin of 1.68%. The business had revenue of $320.31 million during the quarter, compared to the consensus estimate of $302.28 million. Equities analysts expect that Viad Corp will post 0.25 earnings per share for the current year.
About Viad
Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, the United Arab Emirates, Netherlands, and Iceland. It operates through Pursuit, Spiro, and GES Exhibitions segments. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.
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