Thrivent Financial for Lutherans Sells 2,853 Shares of Viad Corp (NYSE:VVI)

Thrivent Financial for Lutherans decreased its stake in Viad Corp (NYSE:VVI) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,967 shares of the business services provider’s stock after selling 2,853 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Viad worth $608,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in Viad during the second quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares during the period. GSA Capital Partners LLP bought a new position in Viad during the third quarter worth about $210,000. Squarepoint Ops LLC bought a new position in Viad during the second quarter worth about $228,000. Finally, The Manufacturers Life Insurance Company lifted its position in Viad by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock worth $276,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Viad Stock Performance

Shares of NYSE:VVI opened at $45.43 on Thursday. The company’s 50 day simple moving average is $40.06 and its 200 day simple moving average is $36.17. The stock has a market capitalization of $963.12 million, a price-to-earnings ratio of 90.86, a price-to-earnings-growth ratio of 2.40 and a beta of 2.07. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97. Viad Corp has a 1 year low of $29.46 and a 1 year high of $47.49.

Viad (NYSE:VVI) last posted its earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.49 earnings per share. As a group, research analysts predict that Viad Corp will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VVI. Oppenheimer raised their price objective on shares of Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, 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.

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.