Viad Corp (VVI) Holdings Maintained by Manatuck Hill Partners LLC
Manatuck Hill Partners LLC continued to hold its position in shares of Viad Corp (NYSE:VVI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,000 shares of the business services provider’s stock at the end of the second quarter. Viad Corp accounts for approximately 1.1% of Manatuck Hill Partners LLC’s portfolio, making the stock its 28th biggest holding. Manatuck Hill Partners LLC owned approximately 0.23% of Viad Corp worth $2,174,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VVI. BlackRock Inc. grew its holdings in shares of Viad Corp by 68,605.4% during the 1st quarter. BlackRock Inc. now owns 2,476,143 shares of the business services provider’s stock worth $111,922,000 after purchasing an additional 2,472,539 shares during the period. Dimensional Fund Advisors LP increased its position in Viad Corp by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,689,239 shares of the business services provider’s stock worth $76,353,000 after purchasing an additional 5,983 shares in the last quarter. Vanguard Group Inc. increased its position in Viad Corp by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,118,705 shares of the business services provider’s stock worth $52,859,000 after purchasing an additional 46,596 shares in the last quarter. FMR LLC increased its position in Viad Corp by 52.3% during the 2nd quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after purchasing an additional 250,850 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Viad Corp by 8.9% during the 2nd quarter. Wells Fargo & Company MN now owns 718,952 shares of the business services provider’s stock worth $33,971,000 after purchasing an additional 58,568 shares in the last quarter. 86.09% of the stock is currently owned by institutional investors and hedge funds.
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Viad Corp (VVI) traded down 0.16% on Monday, reaching $60.80. The company’s stock had a trading volume of 14,188 shares. The stock has a 50 day moving average price of $54.17 and a 200-day moving average price of $47.78. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.18 and a beta of 0.52. Viad Corp has a 1-year low of $34.40 and a 1-year high of $61.65.
Viad Corp (NYSE:VVI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.26. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The firm had revenue of $364.77 million for the quarter, compared to the consensus estimate of $347.35 million. During the same period in the prior year, the business posted $1.04 earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts predict that Viad Corp will post $2.76 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.66%. Viad Corp’s dividend payout ratio is currently 12.62%.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Viad Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th.
Viad Corp Profile
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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