State Street Corp Grows Position in Viad Corp (NYSE:VVI)

State Street Corp grew its stake in shares of Viad Corp (NYSE:VVI) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 766,330 shares of the business services provider’s stock after purchasing an additional 16,419 shares during the period. State Street Corp’s holdings in Viad were worth $27,458,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in Viad during the third quarter worth about $222,000. Centiva Capital LP acquired a new stake in shares of Viad during the 3rd quarter valued at approximately $274,000. ClearAlpha Technologies LP purchased a new stake in shares of Viad during the 3rd quarter worth approximately $254,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Viad by 224.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock worth $44,000 after acquiring an additional 858 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Viad by 10.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,902 shares of the business services provider’s stock valued at $1,036,000 after purchasing an additional 2,808 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Stock Performance

Shares of VVI opened at $42.91 on Monday. Viad Corp has a 12-month low of $29.46 and a 12-month high of $47.49. The stock has a market cap of $909.78 million, a P/E ratio of 85.82, a PEG ratio of 2.39 and a beta of 2.07. The company has a current ratio of 1.01, a quick ratio of 0.97 and a debt-to-equity ratio of 2.01. The company has a 50-day moving average of $42.11 and a two-hundred day moving average of $37.01.

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, topping the consensus estimate of $1.87 by $0.14. The firm had revenue of $455.70 million during 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 previous year, the firm posted $1.49 EPS. As a group, research analysts predict that Viad Corp will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.