Reinhart Partners Inc. cut its stake in shares of Viad Corp (NYSE:VVI) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,930 shares of the business services provider’s stock after selling 3,304 shares during the quarter. Reinhart Partners Inc. owned approximately 0.35% of Viad worth $4,830,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of Viad in the second quarter valued at $32,000. Bank of Montreal Can increased its stake in shares of Viad by 242.3% in the second quarter. Bank of Montreal Can now owns 2,372 shares of the business services provider’s stock valued at $157,000 after buying an additional 1,679 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Viad in the second quarter valued at $206,000. Paloma Partners Management Co acquired a new stake in shares of Viad in the second quarter valued at $206,000. Finally, Nkcfo LLC acquired a new stake in shares of Viad in the third quarter valued at $248,000. 87.31% of the stock is owned by institutional investors.

VVI stock traded down $0.06 during midday trading on Friday, reaching $62.34. The stock had a trading volume of 50,457 shares, compared to its average volume of 91,556. The business has a fifty day simple moving average of $65.19 and a two-hundred day simple moving average of $65.28. The company has a quick ratio of 0.45, a current ratio of 0.51 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 26.64 and a beta of 0.61. Viad Corp has a twelve month low of $46.17 and a twelve month high of $72.27.

Viad (NYSE:VVI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.13). The firm had revenue of $362.50 million during the quarter, compared to analyst estimates of $357.45 million. Viad had a return on equity of 10.22% and a net margin of 1.83%. Viad’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, equities analysts predict that Viad Corp will post 2.37 earnings per share for the current fiscal year.

In other Viad news, Director Robert E. Munzenrider sold 921 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $66.02, for a total transaction of $60,804.42. Following the transaction, the director now owns 20,104 shares in the company, valued at $1,327,266.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert E. Munzenrider sold 1,079 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $63.70, for a total value of $68,732.30. Following the transaction, the director now owns 19,025 shares in the company, valued at approximately $1,211,892.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on VVI. Zacks Investment Research lowered Viad from a “buy” rating to a “hold” rating in a research note on Saturday, September 28th. ValuEngine upgraded Viad from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.

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.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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