Victory Capital Management Inc. Buys 269,440 Shares of Viad Corp (NYSE:VVI)

Victory Capital Management Inc. grew its position in Viad Corp (NYSE:VVI - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,042,265 shares of the business services provider's stock after buying an additional 269,440 shares during the quarter. Victory Capital Management Inc. owned approximately 9.65% of Viad worth $73,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VVI. Harbor Capital Advisors Inc. lifted its position in shares of Viad by 455.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider's stock valued at $1,172,000 after acquiring an additional 28,262 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 valued at $48,716,000 after purchasing an additional 13,814 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of 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 worth $69,872,000 after buying an additional 67,292 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Viad by 20.4% in the second 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Viad by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider's stock valued at $13,626,000 after buying an additional 22,339 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded Viad from a "sell" rating to a "hold" rating in a research report on Wednesday, August 7th. Oppenheimer boosted their price objective on shares of Viad from $41.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, B. Riley reiterated a "buy" rating and issued a $42.00 target price (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th.

Viad Stock Up 3.9 %

Shares of Viad stock traded up $1.68 during trading on Thursday, hitting $44.98. 235,766 shares of the stock traded hands, compared to its average volume of 101,640. The stock has a market cap of $953.58 million, a P/E ratio of 89.94, a PEG ratio of 2.70 and a beta of 2.04. The company has a fifty day moving average price of $36.94 and a two-hundred day moving average price of $35.22. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. 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 (NYSE:VVI - Get Free Report) last posted its earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping the consensus estimate of $1.87 by $0.14. The company had revenue of $455.70 million during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.49 earnings per share. Equities research analysts predict that Viad Corp will post 1.1 EPS for the current fiscal year.

Viad 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.