Centiva Capital LP Makes New $274,000 Investment in Viad Corp (NYSE:VVI)

Centiva Capital LP purchased a new stake in shares of Viad Corp (NYSE:VVI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,643 shares of the business services provider’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Viad by 15.2% during the 3rd quarter. Victory Capital Management Inc. now owns 2,042,265 shares of the business services provider’s stock worth $73,174,000 after acquiring an additional 269,440 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of 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 in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Viad by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider’s stock valued at $48,716,000 after buying an additional 13,814 shares during the period. Dimensional Fund Advisors LP raised its stake in 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. Finally, Charles Schwab Investment Management Inc. raised its stake in Viad by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 187,221 shares of the business services provider’s stock worth $6,708,000 after buying an additional 5,556 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Viad Price Performance

Shares of VVI opened at $44.84 on Thursday. The company has a 50 day moving average of $40.96 and a two-hundred day moving average of $36.50. The company has a market cap of $950.70 million, a price-to-earnings ratio of 89.68, a price-to-earnings-growth ratio of 2.36 and a beta of 2.07. 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 twelve month low of $29.46 and a twelve month high of $47.49.

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

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price objective on Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

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.