Semanteon Capital Management LP bought a new stake in shares of Viad Corp (NYSE:VVI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,083 shares of the business services provider’s stock, valued at approximately $329,000.
Several other institutional investors have also added to or reduced their stakes in VVI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Viad by 100.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after buying an additional 2,587 shares during the period. SG Americas Securities LLC bought a new stake in Viad in the 3rd quarter valued at $161,000. Hsbc Holdings PLC purchased a new stake in Viad in the 3rd quarter worth $205,000. Arizona State Retirement System bought a new position in shares of Viad during the 4th quarter valued at about $211,000. Finally, Bailard Inc. purchased a new position in shares of Viad during the fourth quarter valued at about $212,000. 89.91% of the stock is currently owned by institutional investors.
Viad Trading Up 1.5 %
NYSE VVI opened at $35.13 on Friday. The company has a market capitalization of $741.95 million, a price-to-earnings ratio of -184.89, a price-to-earnings-growth ratio of 1.13 and a beta of 1.96. Viad Corp has a one year low of $17.33 and a one year high of $39.98. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.98 and a current ratio of 1.03. The company’s 50-day simple moving average is $36.13 and its two-hundred day simple moving average is $33.36.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on VVI. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. B. Riley reaffirmed a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Viad in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.33.
Get Our Latest Stock Report on Viad
Viad Company Profile
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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