River Road Asset Management LLC Has $69.87 Million Holdings in Viad Corp (NYSE:VVI)

River Road Asset Management LLC grew its stake in shares of Viad Corp (NYSE:VVI - Free Report) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,950,097 shares of the business services provider's stock after acquiring an additional 67,292 shares during the quarter. River Road Asset Management LLC owned about 9.23% of Viad worth $69,872,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in Viad by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider's stock valued at $276,000 after buying an additional 350 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Viad by 0.6% during the second quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider's stock valued at $2,089,000 after purchasing an additional 375 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Viad by 2.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider's stock valued at $723,000 after purchasing an additional 414 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Viad by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider's stock valued at $767,000 after purchasing an additional 612 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Viad by 5.2% during the first quarter. Illinois Municipal Retirement Fund now owns 12,609 shares of the business services provider's stock valued at $498,000 after purchasing an additional 619 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Viad Trading Up 2.4 %

VVI stock traded up $0.94 during mid-day trading on Tuesday, reaching $39.50. The company's stock had a trading volume of 169,703 shares, compared to its average volume of 98,669. The company has a market cap of $835.82 million, a price-to-earnings ratio of 144.62, a price-to-earnings-growth ratio of 2.27 and a beta of 2.04. The business's 50 day moving average price is $35.68 and its 200 day moving average price is $34.82. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 3.73. Viad Corp has a 12 month low of $27.55 and a 12 month high of $45.61.

Viad (NYSE:VVI - Get Free Report) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.20. The business had revenue of $378.54 million during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.36 earnings per share. On average, equities research analysts predict that Viad Corp will post 1.1 EPS for the current 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.