Los Angeles Capital Management LLC Has $768,000 Stock Position in Viad Corp (NYSE:VVI)

Los Angeles Capital Management LLC lessened its stake in Viad Corp (NYSE:VVI) by 24.4% in the third quarter, Holdings Channel reports. The firm owned 21,442 shares of the business services provider’s stock after selling 6,926 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Viad were worth $768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position 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 buying an additional 350 shares in 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 acquiring an additional 375 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Viad by 2.3% during the first quarter. Texas Permanent School Fund Corp now owns 18,308 shares of the business services provider’s stock worth $723,000 after purchasing an additional 414 shares during the last quarter. ClariVest Asset Management LLC lifted its stake 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Viad by 5.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,134 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 993 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Viad Stock Performance

Shares of Viad stock opened at $44.62 on Friday. The stock has a market cap of $945.94 million, a price-to-earnings ratio of 89.24, a P/E/G ratio of 2.31 and a beta of 2.04. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49. The company’s fifty day moving average is $37.42 and its 200 day moving average is $35.35. 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 released its quarterly earnings results on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. The firm had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. Viad had a return on equity of 47.55% and a net margin of 2.68%. During the same quarter in the previous year, the company posted $1.49 EPS. Sell-side analysts forecast that Viad Corp will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VVI shares. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. B. Riley restated a “buy” rating and issued a $42.00 price target (down from $46.00) on shares of Viad in a research note on Monday, August 12th. Finally, Oppenheimer lifted their price target on shares of Viad from $41.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday.

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.