Viad Corp (VVI) Shares Bought by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC raised its holdings in Viad Corp (NYSE:VVI) by 60.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,292 shares of the business services provider’s stock after acquiring an additional 5,360 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Viad were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Keybank National Association OH grew its position in Viad by 5.6% in the 3rd quarter. Keybank National Association OH now owns 20,400 shares of the business services provider’s stock valued at $1,209,000 after acquiring an additional 1,075 shares during the last quarter. Bank of New York Mellon Corp grew its position in Viad by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 270,317 shares of the business services provider’s stock valued at $14,665,000 after acquiring an additional 1,355 shares during the last quarter. Legal & General Group Plc grew its position in Viad by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 45,139 shares of the business services provider’s stock valued at $2,455,000 after acquiring an additional 2,130 shares during the last quarter. Prudential Financial Inc. grew its position in Viad by 5.4% in the 3rd quarter. Prudential Financial Inc. now owns 42,288 shares of the business services provider’s stock valued at $2,505,000 after acquiring an additional 2,166 shares during the last quarter. Finally, Reinhart Partners Inc. grew its position in Viad by 10.2% in the 3rd quarter. Reinhart Partners Inc. now owns 25,015 shares of the business services provider’s stock valued at $1,482,000 after acquiring an additional 2,320 shares during the last quarter. 88.08% of the stock is currently owned by institutional investors.

VVI opened at $51.84 on Monday. Viad Corp has a 12-month low of $46.17 and a 12-month high of $62.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.69. The firm has a market cap of $1.06 billion, a PE ratio of 19.79 and a beta of 0.74.

Viad (NYSE:VVI) last posted its quarterly 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). Viad had a return on equity of 9.90% and a net margin of 2.34%. The firm had revenue of $358.16 million for the quarter, compared to the consensus estimate of $381.40 million. On average, equities analysts expect that Viad Corp will post 2.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, December 13th. Viad’s payout ratio is 15.27%.

Several equities analysts have commented on VVI shares. Janney Montgomery Scott started coverage on Viad in a research report on Thursday, November 15th. They issued a “buy” rating on the stock. ValuEngine downgraded Viad from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded Viad from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th.

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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.

Further Reading: Ex-Dividend

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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