Dynamic Technology Lab Private Ltd Takes $286,000 Position in Viad Corp (NYSE:VVI)

Dynamic Technology Lab Private Ltd bought a new position in shares of Viad Corp (NYSE:VVI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,981 shares of the business services provider’s stock, valued at approximately $286,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Viad by 4.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,107 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 350 shares during the last quarter. Rhumbline Advisers increased its stake in Viad by 0.6% in 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 during the last quarter. ClariVest Asset Management LLC raised its holdings in Viad by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider’s stock worth $767,000 after purchasing an additional 612 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Viad by 5.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,134 shares of the business services provider’s stock worth $796,000 after purchasing an additional 993 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Viad during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

VVI has been the topic of several research analyst reports. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. B. Riley reiterated a “buy” rating and set a $42.00 target price (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. Finally, Oppenheimer upped their target price on Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Viad Stock Up 0.2 %

Shares of NYSE:VVI opened at $44.72 on Monday. Viad Corp has a 1-year low of $29.46 and a 1-year high of $47.49. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97. The stock has a market cap of $948.06 million, a P/E ratio of 89.44, a P/E/G ratio of 2.39 and a beta of 2.04. The firm has a fifty day moving average price of $39.48 and a 200 day moving average price of $35.97.

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. The business 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 quarter in the prior year, the firm earned $1.49 earnings per share. Sell-side analysts predict that Viad Corp will post 1.25 EPS for the current year.

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.