Today: Today, Louisiana State Employees Retirement System Maintains Stake in Viad Corp. (VVI)

Today, Louisiana State Employees Retirement System Maintains Stake in Viad Corp. (VVI)

Louisiana State Employees Retirement System continued to hold its position in shares of Viad Corp. (NYSE:VVI) during the third quarter, Holdings Channel reports. The fund owned 9,000 shares of the company’s stock at the end of the third quarter. Louisiana State Employees Retirement System’s holdings in Viad Corp. were worth $332,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VVI. GMT Capital Corp boosted its position in shares of Viad Corp. by 5.4% in the second quarter. GMT Capital Corp now owns 1,916,781 shares of the company’s stock valued at $59,420,000 after buying an additional 99,038 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Viad Corp. by 4.6% in the second quarter. BlackRock Fund Advisors now owns 1,361,241 shares of the company’s stock valued at $42,198,000 after buying an additional 59,846 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Viad Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 884,870 shares of the company’s stock valued at $27,432,000 after buying an additional 29,358 shares in the last quarter. RidgeWorth Capital Management LLC boosted its position in shares of Viad Corp. by 1.1% in the second quarter. RidgeWorth Capital Management LLC now owns 548,080 shares of the company’s stock valued at $16,799,000 after buying an additional 6,017 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Viad Corp. by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,623 shares of the company’s stock valued at $15,531,000 after buying an additional 3,538 shares in the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.

Viad Corp. (NYSE:VVI) traded down 0.67% during mid-day trading on Friday, reaching $44.20. 79,840 shares of the company traded hands. The company’s 50 day moving average price is $39.50 and its 200 day moving average price is $35.02. The firm has a market capitalization of $897.57 million, a P/E ratio of 19.73 and a beta of 0.62. Viad Corp. has a 12-month low of $25.90 and a 12-month high of $45.09.

Viad Corp. (NYSE:VVI) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.18. Viad Corp. had a return on equity of 14.42% and a net margin of 3.78%. The company had revenue of $382.47 million for the quarter, compared to the consensus estimate of $373.47 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 49.4% compared to the same quarter last year. Equities research analysts predict that Viad Corp. will post $2.39 EPS for the current year.

VVI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Viad Corp. from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, November 1st. B. Riley restated a “buy” rating and issued a $42.00 target price on shares of Viad Corp. in a report on Thursday, October 27th.

About Viad Corp.

Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.

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