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.

In related news, Director Robert E. Munzenrider sold 2,100 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $56.01, for a total transaction of $117,621.00. Following the transaction, the director now directly owns 21,179 shares of the company’s stock, valued at $1,186,235.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

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.

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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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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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