Alliancebernstein L.P. grew its stake in Viad Corp (NYSE:VVI) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 370,294 shares of the business services provider’s stock after purchasing an additional 17,180 shares during the period. Alliancebernstein L.P. owned about 1.81% of Viad worth $20,514,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Violich Capital Management Inc. acquired a new stake in Viad during the 3rd quarter worth approximately $202,000. Quadrature Capital Ltd acquired a new stake in Viad during the 4th quarter worth approximately $211,000. Cetera Advisors LLC acquired a new stake in Viad during the 3rd quarter worth approximately $225,000. Teacher Retirement System of Texas acquired a new stake in Viad during the 4th quarter worth approximately $389,000. Finally, BNP Paribas Arbitrage SA boosted its position in Viad by 59.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,214 shares of the business services provider’s stock worth $622,000 after buying an additional 3,808 shares during the period. Institutional investors own 88.28% of the company’s stock.
Viad stock traded down $0.45 during mid-day trading on Thursday, hitting $53.30. 45,144 shares of the stock were exchanged, compared to its average volume of 112,388. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.63. Viad Corp has a 12 month low of $42.05 and a 12 month high of $61.85. The firm has a market cap of $1,095.68, a price-to-earnings ratio of 20.50 and a beta of 0.59.
Viad (NYSE:VVI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.04. Viad had a net margin of 4.42% and a return on equity of 12.56%. The firm had revenue of $277.30 million during the quarter, compared to analyst estimates of $266.85 million. During the same quarter last year, the business earned ($0.11) EPS. The company’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that Viad Corp will post 2.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 16th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.40 annualized dividend and a yield of 0.75%. Viad’s payout ratio is 15.27%.
Several research firms recently commented on VVI. ValuEngine upgraded shares of Viad from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of Viad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th.
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Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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