Viad Corp (NYSE:VVI – Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $47.02 and last traded at $47.02, with a volume of 27500 shares changing hands. The stock had previously closed at $41.54.
Analyst Ratings Changes
A number of research firms have recently commented on VVI. B. Riley restated a “buy” rating and set a $42.00 price target (down from $46.00) on shares of Viad in a research report on Monday, August 12th. Oppenheimer reissued an “outperform” rating and set a $41.00 price objective on shares of Viad in a report on Tuesday, September 17th. Finally, StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.
Check Out Our Latest Stock Report on VVI
Viad Price Performance
Viad (NYSE:VVI – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. Viad had a net margin of 2.30% and a return on equity of 29.43%. The firm had revenue of $378.54 million during the quarter, compared to analyst estimates of $358.72 million. During the same period in the previous year, the business posted $0.36 EPS. On average, analysts expect that Viad Corp will post 1.1 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised 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 during the last quarter. River Road Asset Management LLC boosted its holdings in shares of Viad by 3.6% during 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 purchasing an additional 67,292 shares during the period. Vanguard Group Inc. grew its stake in shares of Viad by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock worth $54,376,000 after purchasing an additional 16,185 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Viad by 1.0% during the 3rd 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 purchasing an additional 13,814 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Viad by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after purchasing an additional 22,339 shares during the last quarter. 89.91% of the stock is owned by institutional investors.
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.
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