Viad Corp (NYSE:VVI – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $41.99 and last traded at $41.99, with a volume of 7286 shares traded. The stock had previously closed at $35.78.
Analyst Ratings Changes
A number of equities analysts have weighed in on VVI shares. Oppenheimer reissued an “outperform” rating and issued a $41.00 price objective on shares of Viad in a research report on Tuesday, September 17th. StockNews.com upgraded shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, B. Riley reissued a “buy” rating and issued a $42.00 price target (down previously from $46.00) on shares of Viad in a report on Monday, August 12th.
Read Our Latest Analysis on Viad
Viad Stock Performance
Viad (NYSE:VVI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.77 by $0.20. The business had revenue of $378.54 million for the quarter, compared to analysts’ expectations of $358.72 million. Viad had a net margin of 2.30% and a return on equity of 29.43%. During the same period in the previous year, the company posted $0.36 EPS. Analysts expect that Viad Corp will post 1.1 EPS for the current year.
Hedge Funds Weigh In On Viad
Large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of Viad in the fourth quarter valued at about $294,000. Allspring Global Investments Holdings LLC increased its position in shares of Viad by 0.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,325,623 shares of the business services provider’s stock valued at $52,349,000 after buying an additional 4,068 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Viad by 5.4% in the 1st quarter. BNP Paribas Financial Markets now owns 25,655 shares of the business services provider’s stock worth $1,013,000 after purchasing an additional 1,317 shares during the period. Texas Permanent School Fund Corp increased its holdings in Viad by 2.3% during the 1st 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 in the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in shares of Viad by 35.4% in the first quarter. ClariVest Asset Management LLC now owns 21,941 shares of the business services provider’s stock valued at $866,000 after purchasing an additional 5,741 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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