Illinois Municipal Retirement Fund Sells 550 Shares of Viad Corp (NYSE:VVI)

Illinois Municipal Retirement Fund lowered its position in shares of Viad Corp (NYSE:VVI) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,990 shares of the business services provider’s stock after selling 550 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Viad worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Viad by 100.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,152 shares of the business services provider’s stock worth $135,000 after purchasing an additional 2,587 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Viad in the 4th quarter valued at about $211,000. SG Americas Securities LLC purchased a new stake in Viad during the 3rd quarter valued at about $161,000. Hsbc Holdings PLC bought a new position in Viad during the 3rd quarter worth approximately $205,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Viad in the 4th quarter worth approximately $316,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Viad Trading Down 0.6 %

NYSE VVI opened at $34.26 on Thursday. 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 Corp has a fifty-two week low of $18.07 and a fifty-two week high of $39.98. The stock has a market cap of $723.57 million, a P/E ratio of -180.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.96. The stock has a 50 day simple moving average of $36.24 and a two-hundred day simple moving average of $33.60.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $50.00 target price (up previously from $46.00) on shares of Viad in a report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.33.

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.