Mesirow Financial Investment Management Inc. Sells 2,207 Shares of Viad Corp (NYSE:VVI)

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of Viad Corp (NYSE:VVI) by 23.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,323 shares of the business services provider’s stock after selling 2,207 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Viad were worth $289,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AJOVista LLC bought a new position in shares of Viad during the 4th quarter worth approximately $54,000. Advisory Services Network LLC bought a new position in shares of Viad in the 4th quarter worth $163,000. Hsbc Holdings PLC bought a new position in shares of Viad in the 3rd quarter worth $205,000. Arizona State Retirement System bought a new position in shares of Viad in the 4th quarter worth $211,000. Finally, Bailard Inc. bought a new position in shares of Viad in the 4th quarter worth $212,000. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VVI has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Finally, TheStreet upgraded Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th.

Viad Stock Performance

Shares of Viad stock traded up $0.53 during trading hours on Wednesday, hitting $33.88. 49,790 shares of the company’s stock traded hands, compared to its average volume of 83,063. Viad Corp has a 12-month low of $22.88 and a 12-month high of $39.98. The company has a fifty day simple moving average of $34.50 and a 200-day simple moving average of $35.01. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($0.15). Viad had a return on equity of 12.70% and a net margin of 0.61%. The firm had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $271.11 million. As a group, analysts anticipate that Viad Corp will post 1.62 earnings per share for the current fiscal year.

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.