MQS Management LLC Decreases Stake in Viad Corp (NYSE:VVI)

MQS Management LLC decreased its stake in shares of Viad Corp (NYSE:VVI) by 20.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,709 shares of the business services provider’s stock after selling 2,179 shares during the period. MQS Management LLC’s holdings in Viad were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VVI. The Manufacturers Life Insurance Company boosted its stake in shares of Viad by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock worth $276,000 after acquiring an additional 350 shares during the last quarter. Rhumbline Advisers raised its position in shares of Viad by 0.6% during the second quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock valued at $2,089,000 after buying an additional 375 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Viad by 2.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock worth $723,000 after purchasing an additional 414 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in Viad by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider’s stock valued at $767,000 after buying an additional 612 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Viad by 5.2% in the first quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 619 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VVI has been the topic of several analyst reports. B. Riley reissued a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. StockNews.com raised Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer boosted their price objective on shares of Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Viad Stock Up 3.9 %

Shares of VVI stock opened at $44.98 on Friday. Viad Corp has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a market cap of $953.58 million, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 2.70 and a beta of 2.04. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97. The stock’s fifty day moving average price is $36.94 and its 200 day moving average price is $35.22.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $437.10 million. During the same period in the previous year, the company earned $1.49 earnings per share. On average, research analysts expect that Viad Corp will post 1.1 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.