Oregon Public Employees Retirement Fund Sells 400 Shares of Viad Corp (NYSE:VVI)

Oregon Public Employees Retirement Fund lowered its holdings in shares of Viad Corp (NYSE:VVIGet Rating) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,040 shares of the business services provider’s stock after selling 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Viad were worth $344,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in VVI. O Shaughnessy Asset Management LLC purchased a new stake in Viad during the 3rd quarter valued at about $26,000. Royal Bank of Canada raised its holdings in Viad by 119.0% during the 2nd quarter. Royal Bank of Canada now owns 1,706 shares of the business services provider’s stock valued at $85,000 after buying an additional 927 shares during the last quarter. First Mercantile Trust Co. raised its holdings in Viad by 30.9% during the 3rd quarter. First Mercantile Trust Co. now owns 2,094 shares of the business services provider’s stock valued at $95,000 after buying an additional 494 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Viad by 118.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,712 shares of the business services provider’s stock valued at $159,000 after buying an additional 2,015 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Viad during the 3rd quarter valued at $313,000. 94.06% of the stock is currently owned by institutional investors.

In related news, CEO Steven W. Moster bought 3,304 shares of the company’s stock in a transaction on Monday, March 7th. The shares were acquired at an average cost of $29.09 per share, with a total value of $96,113.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

VVI opened at $35.00 on Friday. The stock has a fifty day simple moving average of $34.53 and a two-hundred day simple moving average of $40.31. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 4.86. The company has a market cap of $720.27 million, a price-to-earnings ratio of -6.78 and a beta of 1.89. Viad Corp has a 12-month low of $27.75 and a 12-month high of $52.72.

Viad (NYSE:VVIGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The business services provider reported ($1.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.32). Viad had a negative return on equity of 73.12% and a negative net margin of 18.26%. The business had revenue of $183.57 million during the quarter, compared to analysts’ expectations of $152.83 million. During the same quarter last year, the company posted ($2.11) EPS. On average, analysts predict that Viad Corp will post 1.2 EPS for the current year.

VVI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Viad from a “sell” rating to a “hold” rating in a report on Friday, January 7th. Sidoti cut shares of Viad from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Friday, February 11th. StockNews.com initiated coverage on shares of Viad in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, B. Riley cut their price target on shares of Viad from $59.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.50.

Viad Company Profile (Get Rating)

Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, Continental Europe, the United Arab Emirates, and Iceland. It operates through two segments, Pursuit and GES. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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