Advisory Services Network LLC Invests $163,000 in Viad Corp (NYSE:VVI)

Advisory Services Network LLC bought a new position in Viad Corp (NYSE:VVIFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,500 shares of the business services provider’s stock, valued at approximately $163,000.

A number of other institutional investors have also recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in shares of Viad in the fourth quarter worth $238,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Viad in the fourth quarter worth $471,000. Panagora Asset Management Inc. grew its stake in shares of Viad by 47.7% in the fourth quarter. Panagora Asset Management Inc. now owns 64,410 shares of the business services provider’s stock worth $2,332,000 after acquiring an additional 20,803 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Viad in the fourth quarter worth $398,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Viad by 19.5% in the fourth quarter. BNP Paribas Financial Markets now owns 24,338 shares of the business services provider’s stock worth $881,000 after acquiring an additional 3,970 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Viad Trading Down 0.5 %

Viad stock opened at $34.36 on Friday. The company has a debt-to-equity ratio of 4.67, a current ratio of 0.97 and a quick ratio of 0.93. Viad Corp has a one year low of $22.72 and a one year high of $39.98. The stock has a market capitalization of $726.03 million, a PE ratio of -90.42, a price-to-earnings-growth ratio of 1.38 and a beta of 2.03. The business’s fifty day moving average is $35.35 and its 200 day moving average is $34.93.

Viad (NYSE:VVIGet Free Report) last posted its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). Viad had a net margin of 0.61% and a return on equity of 12.70%. The firm had revenue of $273.50 million during the quarter, compared to the consensus estimate of $271.11 million. On average, sell-side analysts predict that Viad Corp will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VVI. B. Riley reaffirmed 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. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. Finally, StockNews.com raised Viad from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Viad has a consensus rating of “Moderate Buy” and an average target price of $44.33.

View Our Latest Stock Report on VVI

About Viad

(Free Report)

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.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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