Principal Financial Group Inc. Sells 4,722 Shares of Viad Corp (NYSE:VVI)

Principal Financial Group Inc. cut its position in Viad Corp (NYSE:VVI) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,189 shares of the business services provider’s stock after selling 4,722 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Viad worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of VVI. DekaBank Deutsche Girozentrale purchased a new stake in shares of Viad in the second quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Viad by 224.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 858 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Viad by 63.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 1,748 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Viad during the 3rd quarter valued at about $210,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Viad during the third quarter worth about $222,000. 89.91% of the stock is owned by institutional investors.

Viad Price Performance

VVI opened at $42.51 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $901.30 million, a P/E ratio of 85.02, a PEG ratio of 2.39 and a beta of 2.07. The stock has a 50-day moving average price of $42.95 and a 200-day moving average price of $37.50. Viad Corp has a 12-month low of $29.46 and a 12-month high of $47.49.

Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. The business 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 period last year, the business earned $1.49 earnings per share. Equities analysts predict that Viad Corp will post 1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their target price on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

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.