New York State Teachers Retirement System Sells 1,347 Shares of Viad Corp (NYSE:VVI)

New York State Teachers Retirement System reduced its position in shares of Viad Corp (NYSE:VVI) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,447 shares of the business services provider’s stock after selling 1,347 shares during the period. New York State Teachers Retirement System owned approximately 0.19% of Viad worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of VVI. Raymond James & Associates boosted its stake in shares of Viad by 1.0% during the first quarter. Raymond James & Associates now owns 35,211 shares of the business services provider’s stock valued at $1,255,000 after purchasing an additional 352 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Viad by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,692 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 361 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in Viad by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 15,615 shares of the business services provider’s stock worth $409,000 after buying an additional 375 shares during the period. Royal Bank of Canada grew its stake in Viad by 76.8% in the third quarter. Royal Bank of Canada now owns 882 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 383 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Viad by 3.7% during the third quarter. Price T Rowe Associates Inc. MD now owns 13,912 shares of the business services provider’s stock valued at $440,000 after acquiring an additional 499 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VVI. B. Riley restated a “buy” rating and set a $50.00 price target (up previously from $46.00) on shares of Viad in a research note on Wednesday, March 6th. TheStreet raised shares of Viad from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Viad Trading Down 1.5 %

NYSE VVI opened at $34.31 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $724.63 million, a P/E ratio of -180.57, a PEG ratio of 1.16 and a beta of 1.96. The business has a fifty day simple moving average of $35.88 and a 200 day simple moving average of $32.99. Viad Corp has a 12 month low of $17.09 and a 12 month high of $39.98.

Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.09). Viad had a net margin of 0.96% and a return on equity of 13.05%. The firm had revenue of $291.68 million for the quarter, compared to the consensus estimate of $277.81 million. On average, analysts predict that Viad Corp will post 2.04 EPS for the current fiscal year.

About Viad

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.