Barclays PLC Increases Position in Viad Corp (NYSE:VVI)

Barclays PLC lifted its stake in Viad Corp (NYSE:VVI) by 95.9% in the 3rd quarter, Holdings Channel reports. The firm owned 62,840 shares of the business services provider’s stock after purchasing an additional 30,764 shares during the quarter. Barclays PLC’s holdings in Viad were worth $2,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Viad during the 2nd quarter worth approximately $38,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Viad by 224.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after purchasing an additional 858 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Viad in the third quarter valued at $210,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Viad in the third quarter valued at $222,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

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

Viad Price Performance

VVI stock opened at $43.21 on Thursday. The stock’s 50 day moving average price is $42.41 and its 200 day moving average price is $37.13. The firm has a market cap of $916.14 million, a P/E ratio of 86.42, a PEG ratio of 2.39 and a beta of 2.07. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.97 and a current ratio of 1.01. Viad Corp has a 1 year low of $29.46 and a 1 year high of $47.49.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.14. The business had revenue of $455.70 million for the quarter, compared to the consensus estimate of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same period in the prior year, the business earned $1.49 earnings per share. On average, sell-side analysts expect that Viad Corp will post 1.25 earnings per share for the current fiscal year.

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.