Public Sector Pension Investment Board Sells 1,500 Shares of Viad Corp (NYSE:VVI)

Public Sector Pension Investment Board reduced its stake in Viad Corp (NYSE:VVI) by 3.2% during the third quarter, HoldingsChannel.com reports. The fund owned 44,942 shares of the business services provider’s stock after selling 1,500 shares during the quarter. Public Sector Pension Investment Board’s holdings in Viad were worth $1,610,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Viad in the second quarter worth about $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Viad by 63.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after buying an additional 1,748 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Viad in the 3rd quarter worth approximately $210,000. Squarepoint Ops LLC purchased a new stake in shares of Viad during the 2nd quarter worth approximately $228,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Viad during the 3rd quarter valued at approximately $286,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Trading Down 2.3 %

Shares of VVI opened at $44.38 on Friday. The company’s fifty day simple moving average is $40.26 and its 200-day simple moving average is $36.23. The company has a market cap of $940.86 million, a P/E ratio of 88.76, a P/E/G ratio of 2.40 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. Viad Corp has a twelve month low of $29.46 and a twelve month high of $47.49.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.87 by $0.14. The company had revenue of $455.70 million for 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 quarter in the prior year, the company posted $1.49 EPS. As a group, analysts expect that Viad Corp will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. B. Riley reiterated a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. Oppenheimer increased 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, November 13th.

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.