Viad Corp (VVI) Stake Lessened by Boston Partners
Boston Partners cut its stake in shares of Viad Corp (NYSE:VVI) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,090 shares of the business services provider’s stock after selling 1,873 shares during the period. Boston Partners’ holdings in Viad were worth $4,105,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Violich Capital Management Inc. acquired a new stake in shares of Viad during the third quarter worth $202,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Viad during the second quarter worth $208,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Viad during the third quarter worth $215,000. Cetera Advisors LLC acquired a new stake in shares of Viad during the third quarter worth $225,000. Finally, LS Investment Advisors LLC raised its position in shares of Viad by 37.4% during the third quarter. LS Investment Advisors LLC now owns 4,774 shares of the business services provider’s stock worth $291,000 after purchasing an additional 1,300 shares during the period. 86.10% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.13.
Shares of Viad Corp (VVI) opened at $51.90 on Tuesday. The stock has a market capitalization of $1,081.81, a price-to-earnings ratio of 18.40 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 52-week low of $42.05 and a 52-week high of $61.85.
Viad (NYSE:VVI) last announced its earnings results on Thursday, February 8th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $277.30 million for the quarter, compared to analyst estimates of $266.85 million. Viad had a return on equity of 12.73% and a net margin of 4.42%. Viad’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) earnings per share. research analysts anticipate that Viad Corp will post 2.92 EPS for the current fiscal year.
Viad Company Profile
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.
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