River Road Asset Management LLC lessened its stake in shares of Viad Corp (NYSE:VVI) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 94,575 shares of the business services provider’s stock after selling 1,900 shares during the quarter. River Road Asset Management LLC’s holdings in Viad were worth $5,239,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of VVI. Thrivent Financial For Lutherans increased its position in Viad by 7.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,260 shares of the business services provider’s stock worth $579,000 after purchasing an additional 880 shares in the last quarter. Vanguard Group Inc. increased its position in Viad by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after purchasing an additional 46,596 shares in the last quarter. FMR LLC increased its position in Viad by 52.3% during the 2nd quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after purchasing an additional 250,850 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Viad by 19.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 53,936 shares of the business services provider’s stock worth $2,548,000 after purchasing an additional 8,836 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in Viad by 34.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 11,300 shares of the business services provider’s stock worth $534,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 86.10% of the company’s stock.
Shares of Viad Corp (NYSE:VVI) opened at $53.00 on Friday. The company has a market capitalization of $1,101.20, a PE ratio of 20.59 and a beta of 0.51. Viad Corp has a 52-week low of $42.05 and a 52-week high of $61.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71.
Separately, ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $53.13.
In other Viad news, Director Robert E. Munzenrider sold 2,100 shares of Viad stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $56.01, for a total value of $117,621.00. Following the completion of the sale, the director now owns 21,179 shares in the company, valued at approximately $1,186,235.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.
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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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