Viad Corp (VVI) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of Viad Corp (NYSE:VVI) by 10.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,740 shares of the business services provider’s stock after buying an additional 2,974 shares during the quarter. First Trust Advisors LP owned about 0.15% of Viad worth $1,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Viad by 395.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,146 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 3,309 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Viad during the second quarter valued at $235,000. SG Americas Securities LLC acquired a new position in Viad during the second quarter valued at $314,000. Thompson Siegel & Walmsley LLC acquired a new position in Viad during the second quarter valued at $326,000. Finally, GSA Capital Partners LLP acquired a new position in Viad during the second quarter valued at $353,000. 88.11% of the stock is currently owned by hedge funds and other institutional investors.

VVI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Viad from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. ValuEngine downgraded shares of Viad from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Janney Montgomery Scott initiated coverage on shares of Viad in a research report on Thursday, November 15th. They set a “buy” rating for the company.

NYSE VVI opened at $51.06 on Tuesday. The firm has a market cap of $1.02 billion, a P/E ratio of 19.49 and a beta of 0.85. Viad Corp has a 1 year low of $46.58 and a 1 year high of $62.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.69 and a quick ratio of 0.64.

Viad (NYSE:VVI) last posted its earnings results on Thursday, October 25th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.12). The business had revenue of $358.16 million for the quarter, compared to analyst estimates of $381.40 million. Viad had a net margin of 2.34% and a return on equity of 9.90%. On average, equities analysts predict that Viad Corp will post 2.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.78%. Viad’s dividend payout ratio (DPR) is currently 15.27%.

TRADEMARK VIOLATION NOTICE: This news story was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2018/12/04/viad-corp-vvi-shares-bought-by-first-trust-advisors-lp.html.

Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

Featured Story: Penny Stocks, Risk and Reward Factors

Institutional Ownership by Quarter for Viad (NYSE:VVI)

Receive News & Ratings for Viad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit