Viad Corp (NYSE:VVI) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Viad Corp (NYSE:VVI) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,437 shares of the business services provider’s stock after purchasing an additional 375 shares during the quarter. Rhumbline Advisers owned 0.29% of Viad worth $2,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Viad by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock valued at $54,376,000 after buying an additional 16,185 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Viad by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after buying an additional 20,209 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Viad by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,332 shares of the business services provider’s stock worth $6,202,000 after acquiring an additional 1,545 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Viad by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock valued at $5,218,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Viad by 6.7% in the first quarter. Sei Investments Co. now owns 132,081 shares of the business services provider’s stock valued at $5,216,000 after purchasing an additional 8,257 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Stock Up 1.2 %

Viad stock opened at $35.18 on Friday. The firm has a market capitalization of $743.28 million, a P/E ratio of -92.58, a P/E/G ratio of 1.91 and a beta of 2.04. The stock’s fifty day simple moving average is $33.96 and its 200-day simple moving average is $34.80. Viad Corp has a twelve month low of $22.88 and a twelve month high of $40.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73.

Viad (NYSE:VVI) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.20. The firm had revenue of $378.54 million for the quarter, compared to analysts’ expectations of $358.72 million. Viad had a net margin of 2.30% and a return on equity of 29.43%. During the same quarter last year, the company earned $0.36 earnings per share. As a group, equities analysts expect that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

VVI has been the subject of several recent analyst reports. B. Riley restated a “buy” rating and set a $42.00 price objective (down from $46.00) on shares of Viad in a research report on Monday, August 12th. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $41.00 target price on shares of Viad in a research report on Tuesday.

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.