State Street Corp lifted its stake in shares of Viad Corp (NYSE:VVI) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,684 shares of the business services provider’s stock after acquiring an additional 21,649 shares during the quarter. State Street Corp owned approximately 2.51% of Viad Corp worth $24,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. raised its position in shares of Viad Corp by 14.0% during the second quarter. Sei Investments Co. now owns 24,147 shares of the business services provider’s stock worth $1,141,000 after acquiring an additional 2,963 shares during the last quarter. FMR LLC raised its position in shares of Viad Corp by 52.3% during the second quarter. FMR LLC now owns 730,850 shares of the business services provider’s stock worth $34,533,000 after acquiring an additional 250,850 shares during the last quarter. KBC Group NV raised its position in shares of Viad Corp by 17.6% during the second quarter. KBC Group NV now owns 25,741 shares of the business services provider’s stock worth $1,216,000 after acquiring an additional 3,850 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Viad Corp by 30.3% during the first quarter. UBS Asset Management Americas Inc. now owns 8,599 shares of the business services provider’s stock worth $389,000 after acquiring an additional 2,000 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Viad Corp during the second quarter worth about $1,301,000. Institutional investors own 86.46% of the company’s stock.

Shares of Viad Corp (VVI) opened at $55.95 on Wednesday. Viad Corp has a one year low of $42.05 and a one year high of $61.85. The company has a market capitalization of $1,137.94, a P/E ratio of 20.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71.

Viad Corp (NYSE:VVI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. Viad Corp had a return on equity of 13.91% and a net margin of 5.86%. The business had revenue of $339.10 million during the quarter, compared to analysts’ expectations of $327.59 million. During the same quarter last year, the firm posted $1.74 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. analysts forecast that Viad Corp will post 2.59 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Viad Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub upgraded Viad Corp from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th.

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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.

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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