Boston Partners Cuts Stake in Viad Corp (NYSE:VVI)

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Boston Partners lowered its position in shares of Viad Corp (NYSE:VVI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,816 shares of the business services provider’s stock after selling 620 shares during the period. Boston Partners’ holdings in Viad were worth $3,949,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VVI. BlackRock Inc. grew its stake in Viad by 6.0% in the second quarter. BlackRock Inc. now owns 3,220,576 shares of the business services provider’s stock valued at $213,330,000 after purchasing an additional 182,633 shares during the last quarter. Vanguard Group Inc. grew its stake in Viad by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,310,941 shares of the business services provider’s stock valued at $86,836,000 after purchasing an additional 13,153 shares during the last quarter. State Street Corp grew its stake in Viad by 0.4% in the third quarter. State Street Corp now owns 614,862 shares of the business services provider’s stock valued at $41,350,000 after purchasing an additional 2,324 shares during the last quarter. River Road Asset Management LLC grew its stake in Viad by 2.9% in the third quarter. River Road Asset Management LLC now owns 501,488 shares of the business services provider’s stock valued at $33,675,000 after purchasing an additional 13,976 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its stake in Viad by 16.6% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 394,740 shares of the business services provider’s stock valued at $26,148,000 after purchasing an additional 56,305 shares during the last quarter. Hedge funds and other institutional investors own 87.87% of the company’s stock.

VVI opened at $62.90 on Monday. The business’s 50-day moving average is $63.71 and its two-hundred day moving average is $65.44. Viad Corp has a 1 year low of $46.17 and a 1 year high of $72.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.51 and a quick ratio of 0.48. The firm has a market capitalization of $1.30 billion, a PE ratio of 26.88 and a beta of 0.61.

Viad (NYSE:VVI) last posted its earnings results on Thursday, October 24th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.13). Viad had a net margin of 1.83% and a return on equity of 10.22%. The company had revenue of $362.50 million during the quarter, compared to analysts’ expectations of $357.45 million. During the same quarter last year, the firm earned $1.72 EPS. Viad’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Viad Corp will post 2.37 EPS for the current year.

In other news, Director Robert E. Munzenrider sold 1,079 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $63.70, for a total transaction of $68,732.30. Following the sale, the director now owns 19,025 shares in the company, valued at $1,211,892.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

VVI has been the topic of several analyst reports. ValuEngine upgraded Viad from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Zacks Investment Research lowered Viad from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th.

Viad Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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