ClearAlpha Technologies LP Acquires New Shares in Viad Corp (NYSE:VVI)

ClearAlpha Technologies LP bought a new stake in Viad Corp (NYSE:VVI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,081 shares of the business services provider’s stock, valued at approximately $254,000.

Several other institutional investors have also recently bought and sold shares of VVI. Vanguard Group Inc. lifted its stake in Viad by 1.2% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Viad by 5.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,134 shares of the business services provider’s stock valued at $796,000 after acquiring an additional 993 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Viad by 455.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,466 shares of the business services provider’s stock worth $1,172,000 after acquiring an additional 28,262 shares during the last quarter. Bank of New York Mellon Corp grew its position in Viad by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock worth $5,218,000 after acquiring an additional 4,263 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Viad by 1.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after purchasing an additional 20,209 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Viad Price Performance

Viad stock opened at $44.95 on Tuesday. The stock’s 50 day moving average is $39.67 and its 200 day moving average is $36.04. Viad Corp has a one year low of $29.46 and a one year high of $47.49. The firm has a market cap of $952.94 million, a P/E ratio of 89.90, a P/E/G ratio of 2.39 and a beta of 2.07. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.01 and a quick ratio of 0.97.

Viad (NYSE:VVI) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.14. Viad had a net margin of 2.68% and a return on equity of 47.55%. The company had revenue of $455.70 million for the quarter, compared to analyst estimates of $437.10 million. During the same period in the prior year, the firm posted $1.49 EPS. As a group, research analysts expect that Viad Corp will post 1.25 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on VVI. Oppenheimer boosted their price target on Viad from $41.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, B. Riley reaffirmed a “buy” rating and set a $42.00 price target (down previously from $46.00) on shares of Viad in a research note on Monday, August 12th.

Viad Company 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.