Viad Corp (NYSE:VVI) Shares Sold by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. lowered its position in shares of Viad Corp (NYSE:VVI) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,655 shares of the business services provider’s stock after selling 159 shares during the period. Rothschild Asset Management Inc. owned about 0.97% of Viad Corp worth $9,386,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VVI. BlackRock Inc. increased its position in shares of Viad Corp by 68,605.4% in the first quarter. BlackRock Inc. now owns 2,476,143 shares of the business services provider’s stock worth $111,922,000 after buying an additional 2,472,539 shares during the last quarter. FMR LLC bought a new position in shares of Viad Corp during the first quarter worth approximately $21,696,000. Norges Bank bought a new position in shares of Viad Corp during the fourth quarter worth approximately $14,781,000. Bank of New York Mellon Corp increased its position in shares of Viad Corp by 33.8% in the first quarter. Bank of New York Mellon Corp now owns 390,385 shares of the business services provider’s stock worth $17,644,000 after buying an additional 98,638 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Viad Corp by 11.6% in the first quarter. Wells Fargo & Company MN now owns 660,384 shares of the business services provider’s stock worth $29,849,000 after buying an additional 68,738 shares during the last quarter. 86.66% of the stock is currently owned by hedge funds and other institutional investors.
Viad Corp (NYSE:VVI) opened at 54.30 on Monday. The company’s 50-day moving average is $47.89 and its 200-day moving average is $45.65. Viad Corp has a 12 month low of $34.40 and a 12 month high of $54.75. The stock has a market capitalization of $1.11 billion, a P/E ratio of 17.13 and a beta of 0.54.
Viad Corp (NYSE:VVI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.96 by $0.26. The firm had revenue of $364.77 million for the quarter, compared to the consensus estimate of $347.35 million. Viad Corp had a net margin of 4.85% and a return on equity of 17.17%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $1.04 EPS. Equities analysts anticipate that Viad Corp will post $2.76 earnings per share for the current year.
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A number of research analysts recently commented on VVI shares. Zacks Investment Research downgraded shares of Viad Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th.
About Viad Corp
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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