Bailard Inc. Buys New Holdings in Viad Corp (NYSE:VVI)

Bailard Inc. purchased a new position in shares of Viad Corp (NYSE:VVI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,858 shares of the business services provider’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Viad in the third quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Viad by 100.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 2,587 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Viad by 51.1% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 91,415 shares of the business services provider’s stock valued at $2,395,000 after purchasing an additional 30,915 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Viad by 56.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 43,607 shares of the business services provider’s stock worth $1,143,000 after buying an additional 15,655 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new stake in Viad in the 3rd quarter worth approximately $329,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TheStreet raised Viad from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. B. Riley reissued a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Viad in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Viad presently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Viad Stock Up 1.6 %

NYSE VVI opened at $35.69 on Tuesday. The stock’s 50 day moving average is $36.18 and its 200 day moving average is $33.53. Viad Corp has a twelve month low of $18.07 and a twelve month 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.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported ($0.79) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $277.81 million. On average, equities analysts predict that Viad Corp will post 2.04 earnings per share 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.