AJOVista LLC Buys New Stake in Viad Corp (NYSE:VVI)

AJOVista LLC acquired a new stake in Viad Corp (NYSE:VVI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 1,480 shares of the business services provider’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VVI. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in Viad by 51.1% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock valued at $2,395,000 after purchasing an additional 30,915 shares during the period. Panagora Asset Management Inc. lifted its stake in Viad by 56.0% in the third quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock worth $1,143,000 after acquiring an additional 15,655 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Viad during the 3rd quarter worth approximately $329,000. Louisiana State Employees Retirement System purchased a new stake in shares of Viad in the 4th quarter valued at approximately $380,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Viad in the 3rd quarter valued at $261,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Stock Up 1.5 %

Shares of Viad stock opened at $34.73 on Monday. The firm’s fifty day simple moving average is $36.26 and its 200-day simple moving average is $33.78. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. Viad Corp has a 12 month low of $20.91 and a 12 month high of $39.98.

Viad (NYSE:VVI) last announced its earnings results on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). Viad had a net margin of 0.61% and a return on equity of 12.04%. The business had revenue of $291.68 million during the quarter, compared to analysts’ expectations of $277.81 million. As a group, analysts anticipate that Viad Corp will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

VVI has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $50.00 price target (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. TheStreet raised Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Viad presently has a consensus rating of “Moderate Buy” and an average target price of $44.33.

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.