GSA Capital Partners LLP Buys New Stake in Viad Corp (NYSE:VVI)

GSA Capital Partners LLP acquired a new stake in shares of Viad Corp (NYSE:VVI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,861 shares of the business services provider’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VVI. Harbor Capital Advisors Inc. increased its stake in Viad by 455.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock worth $1,172,000 after acquiring an additional 28,262 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Viad by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock worth $48,716,000 after purchasing an additional 13,814 shares during the last quarter. River Road Asset Management LLC lifted its position in Viad by 3.6% during the third quarter. River Road Asset Management LLC now owns 1,950,097 shares of the business services provider’s stock valued at $69,872,000 after purchasing an additional 67,292 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Viad by 20.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after buying an additional 17,399 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Viad by 5.9% in the 2nd 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 during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VVI shares. Oppenheimer increased their price target on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. B. Riley reissued a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. Finally, StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th.

Viad Price Performance

VVI opened at $43.27 on Monday. The business has a fifty day moving average of $38.50 and a 200 day moving average of $35.65. The stock has a market cap of $917.32 million, a P/E ratio of 86.54, a PEG ratio of 2.30 and a beta of 2.04. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01. Viad Corp has a 52-week low of $29.46 and a 52-week high of $47.49.

Viad (NYSE:VVI) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same period in the prior year, the business posted $1.49 earnings per share. As a group, sell-side analysts anticipate that Viad Corp will post 1.25 EPS for the current year.

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.