Viad Corp (NYSE:VVI) Stake Boosted by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC raised its position in shares of Viad Corp (NYSE:VVI) by 13.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,452 shares of the business services provider’s stock after buying an additional 2,361 shares during the quarter. SkyView Investment Advisors LLC owned 0.09% of Viad worth $697,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in VVI. Bank of New York Mellon Corp lifted its stake in shares of Viad by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock worth $5,218,000 after buying an additional 4,263 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Viad by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after acquiring an additional 20,209 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 1,748 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Viad by 1.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 111,650 shares of the business services provider’s stock valued at $3,796,000 after purchasing an additional 1,465 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Viad by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 102,484 shares of the business services provider’s stock worth $3,484,000 after purchasing an additional 17,399 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer raised their price objective on shares of Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Viad Stock Performance

Viad stock opened at $44.71 on Friday. Viad Corp has a 52-week low of $29.46 and a 52-week 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 fifty day moving average price of $41.14 and a two-hundred day moving average price of $36.56. The firm has a market capitalization of $947.85 million, a P/E ratio of 89.42, a P/E/G ratio of 2.39 and a beta of 2.07.

Viad (NYSE:VVI) last posted its quarterly earnings data 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 company had revenue of $455.70 million during the quarter, compared to analyst estimates of $437.10 million. Viad had a net margin of 2.68% and a return on equity of 47.55%. During the same quarter last year, the business posted $1.49 earnings per share. As a group, analysts anticipate that Viad Corp will post 1.25 EPS for the current fiscal year.

Viad 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.