MQS Management LLC Acquires Shares of 10,888 Viad Corp (NYSE:VVI)

MQS Management LLC bought a new position in Viad Corp (NYSE:VVI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,888 shares of the business services provider’s stock, valued at approximately $370,000. MQS Management LLC owned about 0.05% of Viad as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of VVI. Rhumbline Advisers raised its position in shares of Viad by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock valued at $2,089,000 after acquiring an additional 375 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Viad by 2.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock worth $723,000 after purchasing an additional 414 shares during the period. ClariVest Asset Management LLC lifted its position in shares of Viad by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider’s stock worth $767,000 after buying an additional 612 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Viad by 5.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider’s stock worth $498,000 after buying an additional 619 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Viad by 2.0% in the 4th quarter. Comerica Bank now owns 33,730 shares of the business services provider’s stock valued at $1,221,000 after buying an additional 655 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Viad Trading Up 1.2 %

Viad stock opened at $35.18 on Friday. Viad Corp has a 52-week low of $22.88 and a 52-week high of $40.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 3.73. The firm has a market capitalization of $743.28 million, a price-to-earnings ratio of -92.58, a PEG ratio of 1.91 and a beta of 2.04. The firm has a 50-day moving average price of $33.96 and a two-hundred day moving average price of $34.80.

Viad (NYSE:VVI) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. The business had revenue of $378.54 million during 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 period in the prior year, the company posted $0.36 EPS. Sell-side analysts expect that Viad Corp will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

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

About Viad

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.