Jane Street Group LLC Trims Stock Position in Viad Corp (NYSE:VVI)

Jane Street Group LLC cut its stake in shares of Viad Corp (NYSE:VVI) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,983 shares of the business services provider’s stock after selling 4,388 shares during the period. Jane Street Group LLC owned approximately 0.13% of Viad worth $1,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VVI. DekaBank Deutsche Girozentrale purchased a new stake in Viad during the 2nd quarter valued at approximately $38,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Viad by 224.0% during 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 purchased a new stake in Viad during the 3rd quarter valued at approximately $210,000. Finally, Point72 Asset Management L.P. purchased a new position in Viad during the third quarter worth about $222,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Viad Stock Up 0.1 %

Viad stock opened at $42.81 on Tuesday. Viad Corp has a fifty-two week low of $29.46 and a fifty-two week high of $47.49. The firm has a market capitalization of $907.66 million, a price-to-earnings ratio of 85.62, a price-to-earnings-growth ratio of 2.39 and a beta of 2.07. The stock’s fifty day moving average is $42.85 and its two-hundred day moving average is $37.38. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01.

Viad (NYSE:VVI) last announced its 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 firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same quarter in the prior year, the firm earned $1.49 EPS. Analysts predict that Viad Corp will post 1.25 EPS for the current fiscal year.

Viad 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.