New York State Teachers Retirement System Trims Stock Position in Viad Corp (NYSE:VVI)

New York State Teachers Retirement System trimmed its holdings in Viad Corp (NYSE:VVI) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,447 shares of the business services provider’s stock after selling 1,347 shares during the period. New York State Teachers Retirement System’s holdings in Viad were worth $1,464,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Viad by 0.4% in the 1st quarter. BlackRock Inc. now owns 3,251,400 shares of the business services provider’s stock worth $115,881,000 after purchasing an additional 11,979 shares during the period. River Road Asset Management LLC raised its position in Viad by 0.5% during the third quarter. River Road Asset Management LLC now owns 1,826,931 shares of the business services provider’s stock worth $47,866,000 after acquiring an additional 8,983 shares during the period. Vanguard Group Inc. lifted its holdings in Viad by 1.4% during the third quarter. Vanguard Group Inc. now owns 1,339,382 shares of the business services provider’s stock valued at $42,298,000 after purchasing an additional 18,766 shares in the last quarter. Blue Grotto Capital LLC grew its position in shares of Viad by 22.8% in the first quarter. Blue Grotto Capital LLC now owns 814,540 shares of the business services provider’s stock valued at $29,030,000 after purchasing an additional 151,137 shares during the period. Finally, Cannell Capital LLC increased its stake in shares of Viad by 23.6% during the first quarter. Cannell Capital LLC now owns 777,467 shares of the business services provider’s stock worth $27,709,000 after purchasing an additional 148,282 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Price Performance

NYSE:VVI opened at $34.31 on Thursday. The stock has a 50 day moving average price of $35.88 and a 200 day moving average price of $32.99. The stock has a market cap of $724.63 million, a PE ratio of -180.57, a P/E/G ratio of 1.16 and a beta of 1.96. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.98 and a current ratio of 1.03. Viad Corp has a one year low of $17.09 and a one year high of $39.98.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.09). The company had revenue of $291.68 million for the quarter, compared to analysts’ expectations of $277.81 million. Viad had a return on equity of 13.05% and a net margin of 0.96%. Equities research analysts expect that Viad Corp will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VVI. B. Riley reiterated a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. TheStreet upgraded shares of Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.33.

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.