Viad Corp (NYSE:VVI) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Viad Corp (NYSE:VVI) by 5.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 400,769 shares of the business services provider’s stock after buying an additional 22,339 shares during the period. Dimensional Fund Advisors LP owned 1.90% of Viad worth $13,626,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Viad during the 2nd quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Viad by 63.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after acquiring an additional 1,748 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Viad in the first quarter valued at $228,000. Virtu Financial LLC acquired a new stake in shares of Viad during the fourth quarter valued at $234,000. Finally, Quadrature Capital Ltd purchased a new stake in Viad during the 4th quarter worth about $294,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Stock Up 5.6 %

Viad stock opened at $37.36 on Friday. The firm has a market capitalization of $789.34 million, a P/E ratio of -98.32, a P/E/G ratio of 2.14 and a beta of 2.04. The company has a 50-day simple moving average of $33.57 and a 200-day simple moving average of $34.76. Viad Corp has a one year low of $22.88 and a one year high of $40.27. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.02 and a current ratio of 1.07.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. 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. Oppenheimer reiterated an “outperform” rating and issued a $41.00 target price on shares of Viad in a report on Tuesday, September 17th. Finally, StockNews.com raised Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

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.