Bailard Inc. Invests $212,000 in Viad Corp (NYSE:VVI)

Bailard Inc. acquired a new position in shares of Viad Corp (NYSE:VVI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,858 shares of the business services provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in shares of Viad by 21.1% during the 4th quarter. Yousif Capital Management LLC now owns 12,696 shares of the business services provider’s stock worth $460,000 after buying an additional 2,208 shares during the period. Louisiana State Employees Retirement System purchased a new position in Viad in the 4th quarter valued at about $380,000. Arizona State Retirement System acquired a new stake in Viad in the 4th quarter worth about $211,000. Mesirow Financial Investment Management Inc. purchased a new stake in Viad during the 4th quarter worth approximately $316,000. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Viad by 2.5% during the third quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Stock Up 1.6 %

VVI opened at $35.69 on Tuesday. The company’s 50 day simple moving average is $36.18 and its two-hundred day simple moving average is $33.53. Viad Corp has a 1-year low of $18.07 and a 1-year high of $39.98. 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 data on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts anticipate that Viad Corp will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. B. Riley reaffirmed a “buy” rating and set a $50.00 target price (up previously from $46.00) on shares of Viad in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Viad 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.