Geode Capital Management LLC Has $16.77 Million Holdings in Viad Corp (NYSE:VVI)

Geode Capital Management LLC raised its position in shares of Viad Corp (NYSE:VVI) by 1.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 468,029 shares of the business services provider’s stock after purchasing an additional 6,599 shares during the quarter. Geode Capital Management LLC’s holdings in Viad were worth $16,773,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised 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 worth $276,000 after acquiring an additional 350 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Viad by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 61,437 shares of the business services provider’s stock valued at $2,089,000 after buying an additional 375 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in shares of Viad by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 22,553 shares of the business services provider’s stock worth $767,000 after acquiring an additional 612 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Viad by 224.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,241 shares of the business services provider’s stock valued at $44,000 after buying an additional 858 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Viad during the 2nd quarter worth approximately $38,000. Institutional investors own 89.91% of the company’s stock.

Viad Stock Performance

NYSE:VVI opened at $42.77 on Monday. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. The stock has a market cap of $906.81 million, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 2.39 and a beta of 2.07. The firm’s fifty day simple moving average is $42.83 and its 200 day simple moving average is $37.32. The company has a quick ratio of 0.97, a current ratio of 1.01 and a debt-to-equity ratio of 2.01.

Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million for the quarter, compared to analysts’ expectations 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 year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price objective on Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a 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.