Viad Corp (NYSE:VVI) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Viad Corp (NYSE:VVI) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,442 shares of the business services provider’s stock after buying an additional 3,026 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Viad worth $1,579,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Viad by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock worth $54,376,000 after purchasing an additional 16,185 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Viad by 1.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock valued at $45,758,000 after buying an additional 20,209 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Viad by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock worth $13,626,000 after buying an additional 22,339 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Viad by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,332 shares of the business services provider’s stock worth $6,202,000 after acquiring an additional 1,545 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Viad by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock valued at $5,218,000 after acquiring an additional 4,263 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VVI has been the topic of several recent research reports. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and set a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th. Finally, B. Riley restated a “buy” rating and issued a $42.00 target price (down from $46.00) on shares of Viad in a report on Monday, August 12th.

Viad Stock Performance

NYSE:VVI opened at $35.83 on Tuesday. The company’s 50-day moving average is $33.68 and its two-hundred day moving average is $34.75. Viad Corp has a 1-year low of $22.88 and a 1-year high of $40.27. The company has a debt-to-equity ratio of 3.73, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $757.02 million, a price-to-earnings ratio of -94.29, a PEG ratio of 2.14 and a beta of 2.04.

Viad (NYSE:VVI) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. The firm had revenue of $378.54 million for the quarter, compared to analysts’ expectations of $358.72 million. Viad had a return on equity of 29.43% and a net margin of 2.30%. During the same period in the prior year, the firm posted $0.36 earnings per share. Analysts forecast that Viad Corp will post 1.1 EPS for the current year.

Viad 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.