Thompson Siegel & Walmsley LLC lowered its holdings in Viad Corp (NYSE:VVI) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,001 shares of the business services provider’s stock after selling 11,583 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.88% of Viad Corp worth $10,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Viad Corp by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 42,440 shares of the business services provider’s stock valued at $2,585,000 after purchasing an additional 1,160 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Viad Corp by 34.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,220 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 2,860 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Viad Corp by 59.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,214 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 3,808 shares during the period. Alps Advisors Inc. bought a new stake in Viad Corp in the 3rd quarter valued at about $520,000. Finally, Prudential Financial Inc. boosted its holdings in Viad Corp by 8.1% in the 3rd quarter. Prudential Financial Inc. now owns 79,202 shares of the business services provider’s stock valued at $4,823,000 after purchasing an additional 5,910 shares during the period. 86.73% of the stock is owned by hedge funds and other institutional investors.

Shares of Viad Corp (NYSE:VVI) traded down $0.70 during trading on Friday, hitting $56.75. 46,700 shares of the stock were exchanged, compared to its average volume of 87,368. Viad Corp has a 12 month low of $42.05 and a 12 month high of $61.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.60 and a current ratio of 0.71. The company has a market cap of $1,158.35, a P/E ratio of 20.49 and a beta of 0.51.

Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.02. Viad Corp had a net margin of 5.86% and a return on equity of 13.91%. The company had revenue of $339.10 million during the quarter, compared to the consensus estimate of $327.59 million. During the same quarter in the prior year, the firm posted $1.74 EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. equities analysts predict that Viad Corp will post 2.59 earnings per share for the current year.

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Separately, Zacks Investment Research downgraded shares of Viad Corp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 28th.

In other news, Director Robert E. Munzenrider sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $56.01, for a total transaction of $117,621.00. Following the completion of the sale, the director now owns 21,179 shares of the company’s stock, valued at approximately $1,186,235.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Viad Corp Company Profile

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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Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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