Viad Corp (VVI) Shares Bought by Boston Partners
Boston Partners increased its position in Viad Corp (NYSE:VVI) by 0.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 76,709 shares of the business services provider’s stock after buying an additional 128 shares during the period. Boston Partners owned approximately 0.38% of Viad Corp worth $3,625,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Viad Corp by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 2,240 shares of the business services provider’s stock worth $101,000 after buying an additional 40 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Viad Corp during the first quarter worth approximately $151,000. LS Investment Advisors LLC boosted its position in Viad Corp by 374.8% in the first quarter. LS Investment Advisors LLC now owns 3,509 shares of the business services provider’s stock worth $159,000 after buying an additional 2,770 shares during the last quarter. Capital Fund Management S.A. bought a new position in Viad Corp during the first quarter worth approximately $208,000. Finally, Mason Street Advisors LLC boosted its position in Viad Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,749 shares of the business services provider’s stock worth $215,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.
Viad Corp (NYSE VVI) opened at 52.50 on Monday. The company has a market capitalization of $1.07 billion, a PE ratio of 16.56 and a beta of 0.54. Viad Corp has a 12-month low of $34.40 and a 12-month high of $54.75. The stock has a 50 day moving average of $50.51 and a 200-day moving average of $46.46.
Viad Corp (NYSE:VVI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.26. The company had revenue of $364.77 million during the quarter, compared to the consensus estimate of $347.35 million. Viad Corp had a return on equity of 16.76% and a net margin of 4.85%. Viad Corp’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Equities analysts expect that Viad Corp will post $2.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, September 7th. Viad Corp’s dividend payout ratio is currently 12.62%.
A number of research analysts have recently commented on VVI shares. Zacks Investment Research cut shares of Viad Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub upgraded shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a 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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