Charles Schwab Investment Management Inc. Has $6.71 Million Stake in Viad Corp (NYSE:VVI)

Charles Schwab Investment Management Inc. raised its stake in shares of Viad Corp (NYSE:VVI) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,221 shares of the business services provider’s stock after buying an additional 5,556 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of Viad worth $6,708,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Viad by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock valued at $5,218,000 after purchasing an additional 4,263 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Viad by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after acquiring an additional 20,209 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Viad by 63.9% in 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 in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Viad by 1.3% during the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 111,650 shares of the business services provider’s stock worth $3,796,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Viad by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock valued at $3,484,000 after purchasing an additional 17,399 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Viad Price Performance

Shares of Viad stock opened at $44.84 on Thursday. The company has a 50-day simple moving average of $40.96 and a two-hundred day simple moving average of $36.50. The stock has a market capitalization of $950.70 million, a price-to-earnings ratio of 89.68, a price-to-earnings-growth ratio of 2.36 and a beta of 2.07. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $437.10 million. During the same period in the previous year, the business earned $1.49 earnings per share. Analysts forecast that Viad Corp will post 1.25 EPS for the current year.

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.