Viad (NYSE:VVI) Hits New 1-Year High - Here's What Happened

Shares of Viad Corp (NYSE:VVI - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $47.02 and last traded at $47.02, with a volume of 27500 shares trading hands. The stock had previously closed at $41.54.

Analyst Ratings Changes

Several equities research analysts have recently commented on VVI shares. B. Riley restated a "buy" rating and issued a $42.00 price target (down previously from $46.00) on shares of Viad in a report on Monday, August 12th. StockNews.com upgraded Viad from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $41.00 target price on shares of Viad in a research report on Tuesday, September 17th.

Viad Trading Up 7.1 %

The company's 50 day simple moving average is $36.09 and its two-hundred day simple moving average is $34.96. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 3.73. The company has a market capitalization of $941.37 million, a price-to-earnings ratio of 89.44, a P/E/G ratio of 2.34 and a beta of 2.04.

Viad (NYSE:VVI - Get Free Report) last posted its quarterly earnings data 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. Viad had a return on equity of 29.43% and a net margin of 2.30%. The firm had revenue of $378.54 million during the quarter, compared to analysts' expectations of $358.72 million. During the same quarter last year, the firm earned $0.36 EPS. As a group, research analysts anticipate that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viad

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position 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 during the period. River Road Asset Management LLC boosted its position in Viad by 3.6% in 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 buying an additional 67,292 shares during the last quarter. Vanguard Group Inc. boosted its position in Viad by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider's stock valued at $54,376,000 after buying an additional 16,185 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Viad by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,359,646 shares of the business services provider's stock worth $48,716,000 after buying an additional 13,814 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Viad by 5.9% during 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. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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.