State of Alaska Department of Revenue Sells 327 Shares of Viad Corp (NYSE:VVI)

State of Alaska Department of Revenue reduced its holdings in Viad Corp (NYSE:VVI) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,078 shares of the business services provider’s stock after selling 327 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Viad worth $432,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in shares of Viad by 455.5% during the second 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. Allspring Global Investments Holdings LLC raised its holdings in Viad by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock worth $48,716,000 after buying an additional 13,814 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Viad by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock valued at $3,484,000 after buying an additional 17,399 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Viad by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after buying an additional 22,339 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Viad by 69.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,852 shares of the business services provider’s stock valued at $389,000 after buying an additional 4,030 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on VVI shares. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $41.00 price objective on shares of Viad in a research note on Tuesday, September 17th. Finally, B. Riley reissued a “buy” rating and issued a $42.00 target price (down from $46.00) on shares of Viad in a research report on Monday, August 12th.

Viad Trading Up 7.1 %

Shares of VVI opened at $44.48 on Friday. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. The stock has a market cap of $941.37 million, a PE ratio of 88.96, a P/E/G ratio of 2.34 and a beta of 2.04. 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 business’s 50-day moving average price is $36.29 and its 200-day moving average price is $35.02.

Viad (NYSE:VVI) last posted its earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.77 by $0.20. The business had revenue of $378.54 million during the quarter, compared to analysts’ expectations 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 previous year, the business earned $0.36 earnings per share. On average, equities analysts forecast that Viad Corp will post 1.1 EPS for the current fiscal year.

Viad 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.