North Point Portfolio Managers Corp OH continued to hold its position in Viad Corp. (NYSE:VVI) during the second quarter, Holdings Channel reports. The firm owned 8,600 shares of the company’s stock at the end of the second quarter. North Point Portfolio Managers Corp OH’s holdings in Viad Corp. were worth $267,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in VVI. Loomis Sayles & Co. L P boosted its stake in shares of Viad Corp. by 19.1% in the first quarter. Loomis Sayles & Co. L P now owns 425,032 shares of the company’s stock worth $12,394,000 after buying an additional 68,289 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Viad Corp. by 32.2% in the first quarter. JPMorgan Chase & Co. now owns 266,927 shares of the company’s stock worth $7,783,000 after buying an additional 64,950 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Viad Corp. by 99.2% in the second quarter. Hartford Investment Management Co. now owns 112,899 shares of the company’s stock worth $3,500,000 after buying an additional 56,211 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Viad Corp. by 8.4% in the first quarter. Teachers Advisors Inc. now owns 273,577 shares of the company’s stock worth $7,978,000 after buying an additional 21,220 shares during the period. Finally, Reinhart Partners Inc. boosted its stake in shares of Viad Corp. by 22.5% in the second quarter. Reinhart Partners Inc. now owns 63,014 shares of the company’s stock worth $1,953,000 after buying an additional 11,570 shares during the period. 88.32% of the stock is owned by institutional investors and hedge funds.
Viad Corp. (NYSE:VVI) traded down 0.51% during mid-day trading on Tuesday, reaching $37.01. The company’s stock had a trading volume of 51,804 shares. The stock’s 50-day moving average is $36.07 and its 200-day moving average is $32.15. Viad Corp. has a 12 month low of $25.90 and a 12 month high of $37.62. The firm has a market capitalization of $750.75 million, a PE ratio of 39.97 and a beta of 1.07.
Viad Corp. (NYSE:VVI) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.82 by $0.22. Viad Corp. had a return on equity of 6.77% and a net margin of 1.75%. The company had revenue of $324.70 million for the quarter, compared to analyst estimates of $304.90 million. During the same period last year, the company posted $1.18 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Viad Corp. will post $2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, September 7th. Viad Corp.’s dividend payout ratio (DPR) is presently 43.48%.
A number of analysts recently issued reports on VVI shares. B. Riley reissued a “buy” rating and issued a $39.25 target price on shares of Viad Corp. in a research report on Tuesday, June 21st. Zacks Investment Research cut Viad Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th.
In other Viad Corp. news, Director Robert E. Munzenrider sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $35.87, for a total value of $71,740.00. Following the transaction, the director now directly owns 22,106 shares of the company’s stock, valued at $792,942.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.
About Viad Corp.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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