Viad Corp (NYSE:VVI) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Viad Corp (NYSE:VVI) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,933 shares of the business services provider’s stock after purchasing an additional 3,852 shares during the period. Sei Investments Co. owned 0.64% of Viad worth $4,622,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VVI. DekaBank Deutsche Girozentrale acquired a new position in Viad during the second quarter worth $38,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 last quarter. Advisory Services Network LLC purchased a new position in Viad during the fourth quarter worth about $163,000. Lazard Asset Management LLC acquired a new position in Viad in the 1st quarter valued at about $228,000. Finally, Virtu Financial LLC purchased a new stake in shares of Viad in the 4th quarter valued at approximately $234,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Viad Trading Down 0.5 %

Shares of NYSE:VVI opened at $35.64 on Wednesday. The company has a market cap of $753.00 million, a PE ratio of -93.79, a P/E/G ratio of 2.14 and a beta of 2.04. The company’s 50 day moving average is $33.62 and its two-hundred day moving average is $34.75. Viad Corp has a 52 week low of $22.88 and a 52 week high of $40.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73.

Viad (NYSE:VVI) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Viad had a return on equity of 29.43% and a net margin of 2.30%. The business had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. During the same quarter in the prior year, the business posted $0.36 EPS. Equities analysts predict that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VVI has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $42.00 price objective (down from $46.00) on shares of Viad in a report on Monday, August 12th. StockNews.com raised Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th.

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.