Ancora Advisors LLC Sells 8,782 Shares of Viad Corp (NYSE:VVI)

Ancora Advisors LLC lessened its position in Viad Corp (NYSE:VVI) by 21.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,078 shares of the business services provider’s stock after selling 8,782 shares during the period. Ancora Advisors LLC owned about 0.15% of Viad worth $1,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management LLC lifted its position in Viad by 227.6% during the first quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock valued at $1,262,000 after purchasing an additional 22,210 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Viad by 25.2% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 110,185 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 22,205 shares during the period. Panagora Asset Management Inc. lifted its position in Viad by 47.7% during the fourth quarter. Panagora Asset Management Inc. now owns 64,410 shares of the business services provider’s stock valued at $2,332,000 after purchasing an additional 20,803 shares during the period. Vanguard Group Inc. lifted its position in Viad by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock valued at $54,376,000 after purchasing an additional 16,185 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Viad during the fourth quarter valued at approximately $471,000. Institutional investors own 89.91% of the company’s stock.

Viad Stock Up 0.8 %

Shares of VVI stock opened at $33.25 on Thursday. Viad Corp has a 12 month low of $22.88 and a 12 month high of $40.27. The stock has a market cap of $702.57 million, a P/E ratio of -87.50, a P/E/G ratio of 1.52 and a beta of 2.04. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67. The company has a 50 day simple moving average of $34.70 and a two-hundred day simple moving average of $35.03.

Viad (NYSE:VVI) last announced its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). Viad had a net margin of 0.61% and a return on equity of 12.70%. The business had revenue of $273.50 million for the quarter, compared to analysts’ expectations of $271.11 million. On average, research analysts expect that Viad Corp will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Viad from a “hold” rating to a “sell” rating in a research report on Friday, July 26th.

Viad Profile

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.