New York State Teachers Retirement System Sells 1,400 Shares of Viad Corp (NYSE:VVI)

New York State Teachers Retirement System lowered its holdings in shares of Viad Corp (NYSE:VVI) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,047 shares of the business services provider’s stock after selling 1,400 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of Viad worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in Viad by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock valued at $48,716,000 after buying an additional 13,814 shares during the last quarter. SG Americas Securities LLC acquired a new position in Viad in the 3rd quarter valued at $406,000. Algert Global LLC grew its stake in Viad by 8.3% in the 2nd quarter. Algert Global LLC now owns 53,301 shares of the business services provider’s stock valued at $1,812,000 after buying an additional 4,096 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Viad by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after buying an additional 350 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Viad by 36.8% in the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock valued at $5,026,000 after buying an additional 39,796 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VVI. B. Riley restated a “buy” rating and issued a $42.00 price target (down from $46.00) on shares of Viad in a research report on Monday, August 12th. Oppenheimer restated an “outperform” rating and issued a $41.00 price target on shares of Viad in a research report on Tuesday, September 17th. Finally, StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th.

Viad Trading Up 7.2 %

VVI opened at $44.53 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market cap of $942.25 million, a price-to-earnings ratio of 171.27, a price-to-earnings-growth ratio of 2.60 and a beta of 2.04. The firm has a 50 day simple moving average of $36.29 and a 200 day simple moving average of $35.02. Viad Corp has a fifty-two week low of $29.46 and a fifty-two week high of $47.49.

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.