Teton Advisors Inc. Decreases Position in Viad Corp (NYSE:VVI)

Teton Advisors Inc. lowered its stake in shares of Viad Corp (NYSE:VVI) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,000 shares of the business services provider’s stock after selling 19,000 shares during the period. Teton Advisors Inc. owned 0.17% of Viad worth $1,267,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SkyView Investment Advisors LLC boosted its holdings in Viad by 2.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock worth $409,000 after buying an additional 375 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Viad by 5.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,848 shares of the business services provider’s stock worth $284,000 after buying an additional 522 shares during the period. AJOVista LLC bought a new position in Viad in the 4th quarter worth approximately $54,000. Charles Schwab Investment Management Inc. boosted its holdings in Viad by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 171,332 shares of the business services provider’s stock worth $6,202,000 after buying an additional 1,545 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Viad by 21.1% in 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. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Price Performance

NYSE:VVI traded down $1.21 during trading hours on Tuesday, hitting $34.48. The stock had a trading volume of 81,567 shares, compared to its average volume of 81,078. The company has a 50 day simple moving average of $36.22 and a two-hundred day simple moving average of $33.60. 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 Corp has a one year low of $18.07 and a one year high of $39.98. The firm has a market capitalization of $728.22 million, a price-to-earnings ratio of -181.46, a P/E/G ratio of 1.15 and a beta of 1.96.

Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). Viad had a return on equity of 13.05% and a net margin of 0.96%. The company had revenue of $291.68 million for the quarter, compared to the consensus estimate of $277.81 million. Research analysts forecast that Viad Corp will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VVI has been the subject of several analyst reports. TheStreet raised shares of Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. B. Riley reissued a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viad has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

About Viad

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.