AQR Capital Management LLC lessened its holdings in Viad Corp (NYSE:VVI – Free Report) by 35.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,435 shares of the business services provider’s stock after selling 5,148 shares during the quarter. AQR Capital Management LLC’s holdings in Viad were worth $321,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of VVI. Harbor Capital Advisors Inc. grew its stake in shares of Viad by 455.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock worth $1,172,000 after purchasing an additional 28,262 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Viad by 227.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock worth $1,262,000 after purchasing an additional 22,210 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Viad by 20.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after purchasing an additional 17,399 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Viad by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after purchasing an additional 20,209 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in shares of Viad by 2.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock valued at $723,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.
Viad Trading Up 2.2 %
Shares of VVI stock opened at $36.51 on Thursday. The stock’s fifty day moving average is $34.06 and its two-hundred day moving average is $34.61. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $771.38 million, a P/E ratio of -96.08, a PEG ratio of 2.15 and a beta of 2.04. Viad Corp has a fifty-two week low of $22.88 and a fifty-two week high of $40.27.
Analyst Upgrades and Downgrades
VVI has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and set a $42.00 target price (down previously 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 reiterated an “outperform” rating and set a $41.00 target price on shares of Viad in a research report on Tuesday, September 17th.
Get Our Latest Research Report on Viad
Viad Company Profile
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.
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