State Board of Administration of Florida Retirement System raised its position in Viad Corp (NYSE:VVI) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,611 shares of the business services provider’s stock after purchasing an additional 2,840 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.10% of Viad Corp worth $1,194,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of Viad Corp by 14.0% in the 2nd quarter. Sei Investments Co. now owns 24,147 shares of the business services provider’s stock worth $1,141,000 after purchasing an additional 2,963 shares during the period. FMR LLC raised its holdings in shares of Viad Corp by 52.3% in the 2nd quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after purchasing an additional 250,850 shares during the period. KBC Group NV raised its holdings in shares of Viad Corp by 17.6% in the 2nd quarter. KBC Group NV now owns 25,741 shares of the business services provider’s stock worth $1,216,000 after purchasing an additional 3,850 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Viad Corp by 30.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 8,599 shares of the business services provider’s stock worth $389,000 after purchasing an additional 2,000 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Viad Corp in the 2nd quarter worth about $1,301,000. Institutional investors own 86.46% of the company’s stock.

VVI has been the topic of a number of research reports. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a report on Saturday, July 29th.

Shares of Viad Corp (NYSE:VVI) opened at $55.70 on Friday. The company has a market capitalization of $1,142.02, a PE ratio of 20.20 and a beta of 0.51. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 0.13. Viad Corp has a twelve month low of $42.05 and a twelve month high of $61.85.

Viad Corp (NYSE:VVI) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.31 by $0.02. The business had revenue of $339.10 million for the quarter, compared to the consensus estimate of $327.59 million. Viad Corp had a return on equity of 41.48% and a net margin of 13.52%. The company’s revenue was down 11.3% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. research analysts predict that Viad Corp will post 2.59 earnings per share for the current year.

WARNING: This piece of content was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/11/18/viad-corp-vvi-shares-bought-by-state-board-of-administration-of-florida-retirement-system.html.

About Viad Corp

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

Want to see what other hedge funds are holding VVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viad Corp (NYSE:VVI).

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

Receive News & Ratings for Viad Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.