Viad Corp (NYSE:VVI) Shares Bought by Barclays PLC

Barclays PLC raised its position in Viad Corp (NYSE:VVI) by 95.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,840 shares of the business services provider’s stock after buying an additional 30,764 shares during the quarter. Barclays PLC owned approximately 0.30% of Viad worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position 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 purchasing an additional 13,814 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of 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 buying an additional 67,292 shares during the last quarter. State Street Corp raised its holdings in shares of Viad by 2.2% in the third quarter. State Street Corp now owns 766,330 shares of the business services provider’s stock valued at $27,458,000 after buying an additional 16,419 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Viad by 15.2% during the third quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock worth $73,174,000 after buying an additional 269,440 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Viad by 20.4% during the second quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after buying an additional 17,399 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Stock Performance

Shares of VVI opened at $43.21 on Thursday. The stock has a market capitalization of $916.14 million, a P/E ratio of 86.42, a P/E/G ratio of 2.39 and a beta of 2.07. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01. Viad Corp has a 1 year low of $29.46 and a 1 year high of $47.49. The company’s fifty day moving average is $42.41 and its two-hundred day moving average is $37.13.

Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The business had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. During the same period in the previous year, the business posted $1.49 earnings per share. On average, sell-side analysts predict that Viad Corp will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their price objective on Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

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.