Vanguard Group Inc. Acquires 54,217 Shares of Viad Corp (NYSE:VVI)

Vanguard Group Inc. raised its stake in shares of Viad Corp (NYSE:VVI) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,072,109 shares of the business services provider’s stock after buying an additional 54,217 shares during the period. Vanguard Group Inc. owned approximately 0.05% of Viad Corp worth $48,459,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position in Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Viad Corp during the first quarter worth $151,000. LS Investment Advisors LLC raised its position in Viad Corp by 374.8% in the first quarter. LS Investment Advisors LLC now owns 3,509 shares of the business services provider’s stock worth $159,000 after buying an additional 2,770 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Viad Corp during the first quarter worth $208,000. Finally, Mason Street Advisors LLC raised its position in Viad Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,749 shares of the business services provider’s stock worth $215,000 after buying an additional 311 shares in the last quarter. 86.84% of the stock is currently owned by institutional investors.

Shares of Viad Corp (NYSE VVI) traded up 0.10% during trading on Friday, reaching $52.10. 36,920 shares of the company traded hands. The firm has a market capitalization of $1.06 billion, a PE ratio of 16.44 and a beta of 0.54. Viad Corp has a 12 month low of $34.40 and a 12 month high of $54.75. The firm has a 50-day moving average price of $49.36 and a 200-day moving average price of $46.07.

Viad Corp (NYSE:VVI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.96 by $0.26. The business had revenue of $364.77 million during the quarter, compared to analysts’ expectations of $347.35 million. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Equities research analysts anticipate that Viad Corp will post $2.76 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research report on Saturday, July 29th. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th.

About Viad Corp

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.

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

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