Fmr LLC Boosts Stock Position in Viad Corp (NYSE:VVI)

Fmr LLC increased its stake in Viad Corp (NYSE:VVI) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,732 shares of the business services provider’s stock after purchasing an additional 1,601 shares during the quarter. Fmr LLC owned about 0.05% of Viad worth $385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Viad by 15.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock valued at $73,174,000 after buying an additional 269,440 shares in the last quarter. River Road Asset Management LLC lifted 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 worth $69,872,000 after buying an additional 67,292 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Viad by 1.0% in the third 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 acquiring an additional 13,814 shares during the period. Dimensional Fund Advisors LP grew its stake in Viad by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after acquiring an additional 22,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Viad by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 187,221 shares of the business services provider’s stock worth $6,708,000 after acquiring an additional 5,556 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Viad Stock Performance

NYSE:VVI opened at $42.87 on Friday. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. The stock has a market cap of $908.93 million, a P/E ratio of 85.74, a PEG ratio of 2.39 and a beta of 2.07. The business’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $36.87.

Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share 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 firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations of $437.10 million. During the same quarter last year, the company posted $1.49 EPS. As a group, equities analysts predict that Viad Corp will post 1.25 EPS for the current fiscal 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.