Arizona State Retirement System Makes New $211,000 Investment in Viad Corp (NYSE:VVI)

Arizona State Retirement System purchased a new position in Viad Corp (NYSE:VVI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,837 shares of the business services provider’s stock, valued at approximately $211,000.

Several other institutional investors also recently added to or reduced their stakes in VVI. Royal Bank of Canada increased its position in Viad by 76.8% in the 3rd quarter. Royal Bank of Canada now owns 882 shares of the business services provider’s stock worth $29,000 after buying an additional 383 shares during the period. UBS Group AG increased its position in shares of Viad by 191.8% during the third quarter. UBS Group AG now owns 922 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 606 shares during the period. Captrust Financial Advisors increased its position in shares of Viad by 211.5% during the first quarter. Captrust Financial Advisors now owns 894 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 607 shares during the period. Covestor Ltd bought a new stake in shares of Viad during the first quarter valued at approximately $61,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Viad by 733.7% during the first quarter. Public Employees Retirement System of Ohio now owns 3,660 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 3,221 shares during the period. 89.91% of the stock is owned by institutional investors.

Viad Stock Performance

Shares of NYSE:VVI opened at $34.72 on Monday. The business’s fifty day moving average price is $35.93 and its two-hundred day moving average price is $33.15. Viad Corp has a fifty-two week low of $17.09 and a fifty-two week high of $39.98. The stock has a market capitalization of $733.29 million, a price-to-earnings ratio of -182.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.96. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.03 and a quick ratio of 0.98.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VVI. TheStreet upgraded Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. B. Riley restated a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.