Viad Corp (NYSE:VVI) Shares Sold by Vestor Capital LLC

Vestor Capital LLC decreased its position in shares of Viad Corp (NYSE:VVI) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,560 shares of the business services provider’s stock after selling 794 shares during the quarter. Vestor Capital LLC’s holdings in Viad were worth $201,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in VVI. SG Americas Securities LLC acquired a new stake in shares of Viad in the 3rd quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Viad by 100.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after buying an additional 2,587 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Viad by 51.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock valued at $2,395,000 after buying an additional 30,915 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Viad by 56.0% in the third quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock valued at $1,143,000 after acquiring an additional 15,655 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Viad during the third quarter worth approximately $329,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Viad Stock Performance

Shares of VVI stock traded up $0.86 during mid-day trading on Thursday, hitting $35.23. The stock had a trading volume of 75,478 shares, compared to its average volume of 84,846. The firm has a market cap of $743.99 million, a PE ratio of -92.71, a PEG ratio of 1.12 and a beta of 1.97. The company’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $33.93. 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 fifty-two week low of $21.02 and a fifty-two week high of $39.98.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.09). Viad had a return on equity of 12.04% and a net margin of 0.61%. The firm had revenue of $291.68 million for the quarter, compared to analysts’ expectations of $277.81 million. Sell-side analysts anticipate that Viad Corp will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VVI shares. TheStreet raised shares of Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. B. Riley restated a “buy” rating and issued a $50.00 price target (up previously from $46.00) on shares of Viad in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Viad currently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Viad Company Profile

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.