5,861 Shares in Viad Corp (NYSE:VVI) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Viad Corp (NYSE:VVI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,861 shares of the business services provider’s stock, valued at approximately $210,000.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new position in Viad in the second quarter worth $2,380,000. River Road Asset Management LLC grew its stake in Viad by 3.6% in the third quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after acquiring an additional 67,292 shares during the period. Millennium Management LLC increased its stake in Viad by 36.8% during the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock worth $5,026,000 after purchasing an additional 39,796 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in 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 buying an additional 28,262 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings 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 during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Stock Performance

VVI stock opened at $43.27 on Monday. The stock has a 50-day moving average price of $38.50 and a 200-day moving average price of $35.65. The firm has a market cap of $917.32 million, a PE ratio of 86.54, a price-to-earnings-growth ratio of 2.30 and a beta of 2.04. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. Viad Corp has a 1-year low of $29.46 and a 1-year high of $47.49.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.14. The company had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, equities research analysts expect that Viad Corp will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

VVI has been the subject of several research reports. Oppenheimer raised their price target on shares of Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, B. Riley restated a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a report on Monday, August 12th.

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.