Vanguard Group Inc. Acquires 46,596 Shares of Viad Corp (VVI)

Vanguard Group Inc. lifted its holdings in Viad Corp (NYSE:VVI) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,118,705 shares of the business services provider’s stock after purchasing an additional 46,596 shares during the period. Vanguard Group Inc. owned 5.49% of Viad Corp worth $52,859,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Arizona State Retirement System boosted its holdings 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 valued at $504,000 after purchasing an additional 100 shares in the last quarter. Rhumbline Advisers boosted its holdings in Viad Corp by 0.4% during the second quarter. Rhumbline Advisers now owns 41,280 shares of the business services provider’s stock valued at $1,950,000 after purchasing an additional 149 shares in the last quarter. Texas Permanent School Fund boosted its holdings 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 valued at $703,000 after purchasing an additional 177 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Viad Corp by 4.1% during the first quarter. Thrivent Financial For Lutherans now owns 11,380 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 450 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Viad Corp by 10.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,331 shares of the business services provider’s stock worth $331,000 after acquiring an additional 711 shares in the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.

Viad Corp (NYSE VVI) opened at $56.20 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 0.13. Viad Corp has a 1 year low of $42.05 and a 1 year high of $61.85. The firm has a market cap of $1,147.13, a P/E ratio of 20.29 and a beta of 0.51.

Viad Corp (NYSE:VVI) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $339.10 million during 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%. Viad Corp’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. analysts expect that Viad Corp will post 2.59 earnings per share for the current fiscal year.

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Several research analysts have recently commented on VVI shares. Zacks Investment Research downgraded Viad Corp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub raised Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.

Viad Corp 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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