Vestor Capital LLC Sells 794 Shares of Viad Corp (NYSE:VVI)

Vestor Capital LLC decreased its holdings in Viad Corp (NYSE:VVI) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,560 shares of the business services provider’s stock after selling 794 shares during the period. Vestor Capital LLC’s holdings in Viad were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Viad in the 3rd quarter worth $161,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Viad by 100.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock valued at $135,000 after buying an additional 2,587 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Viad by 51.1% in the 3rd 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 buying an additional 30,915 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Viad by 56.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock worth $1,143,000 after buying an additional 15,655 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Viad during the 3rd quarter worth approximately $329,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Viad Stock Performance

Shares of VVI traded up $0.86 during trading hours on Thursday, reaching $35.23. 75,478 shares of the company traded hands, compared to its average volume of 84,846. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 3.35. The business has a fifty day moving average price of $36.12 and a 200-day moving average price of $33.93. Viad Corp has a 12-month low of $21.02 and a 12-month high of $39.98. The stock has a market capitalization of $743.99 million, a P/E ratio of -92.71, a P/E/G ratio of 1.12 and a beta of 1.97.

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

Analysts Set New Price Targets

Several research firms have issued reports on VVI. TheStreet raised shares of Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. B. Riley restated a “buy” rating and set a $50.00 target price (up from $46.00) on shares of Viad in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.