Xact Kapitalforvaltning AB Sells 1,800 Shares of Viad Corp (NYSE:VVI)

Xact Kapitalforvaltning AB lessened its stake in Viad Corp (NYSE:VVI) by 27.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,851 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Viad were worth $273,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC boosted its stake in shares of Viad by 111.3% in the 1st quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock valued at $64,000 after buying an additional 600 shares during the period. Reinhart Partners Inc. boosted its stake in shares of Viad by 33.2% in the 1st quarter. Reinhart Partners Inc. now owns 62,463 shares of the business services provider’s stock valued at $3,516,000 after buying an additional 15,578 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Viad by 8.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 25,724 shares of the business services provider’s stock valued at $1,188,000 after buying an additional 2,031 shares during the period. Rhumbline Advisers raised its position in shares of Viad by 19.3% during the 4th quarter. Rhumbline Advisers now owns 59,544 shares of the business services provider’s stock worth $2,983,000 after acquiring an additional 9,638 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Viad by 14.4% during the 4th quarter. California Public Employees Retirement System now owns 43,309 shares of the business services provider’s stock worth $2,169,000 after acquiring an additional 5,443 shares in the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

Shares of NYSE VVI opened at $65.62 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.11. Viad Corp has a fifty-two week low of $46.17 and a fifty-two week high of $66.00. The stock has a market cap of $1.32 billion, a PE ratio of 28.04 and a beta of 0.71.

Viad (NYSE:VVI) last issued its earnings results on Thursday, April 25th. The business services provider reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.76) by $0.25. Viad had a return on equity of 10.56% and a net margin of 3.13%. The business had revenue of $285.60 million for the quarter, compared to analyst estimates of $272.40 million. During the same quarter last year, the company earned ($0.49) EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Viad Corp will post 2.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 7th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Thursday, June 6th. Viad’s dividend payout ratio (DPR) is presently 17.09%.

In other news, Director Robert E. Munzenrider sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $62.91, for a total transaction of $125,820.00. Following the sale, the director now owns 21,025 shares of the company’s stock, valued at approximately $1,322,682.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on VVI shares. Zacks Investment Research raised Viad from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, April 30th. ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th.

ILLEGAL ACTIVITY NOTICE: “Xact Kapitalforvaltning AB Sells 1,800 Shares of Viad Corp (NYSE:VVI)” was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.baseballdailydigest.com/news/2019/06/16/xact-kapitalforvaltning-ab-sells-1800-shares-of-viad-corp-nysevvi.html.

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.

Featured Story: Liquidity

Want to see what other hedge funds are holding VVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viad Corp (NYSE:VVI).

Institutional Ownership by Quarter for Viad (NYSE:VVI)

Receive News & Ratings for Viad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad and related companies with MarketBeat.com's FREE daily email newsletter.