Viad Corp (NYSE:VVI) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its holdings in shares of Viad Corp (NYSE:VVI) by 23.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,323 shares of the business services provider’s stock after selling 2,207 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Viad were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in VVI. Los Angeles Capital Management LLC increased its position in Viad by 227.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock valued at $1,262,000 after buying an additional 22,210 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Viad by 47.7% during the fourth quarter. Panagora Asset Management Inc. now owns 64,410 shares of the business services provider’s stock worth $2,332,000 after purchasing an additional 20,803 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Viad during the fourth quarter valued at approximately $471,000. Teacher Retirement System of Texas acquired a new position in shares of Viad during the fourth quarter valued at approximately $405,000. Finally, Jump Financial LLC acquired a new position in shares of Viad during the fourth quarter valued at approximately $398,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Viad Trading Up 1.6 %

Shares of VVI traded up $0.53 during midday trading on Wednesday, hitting $33.88. 49,790 shares of the stock were exchanged, compared to its average volume of 83,063. Viad Corp has a 52-week low of $22.88 and a 52-week high of $39.98. The stock has a fifty day simple moving average of $34.50 and a 200 day simple moving average of $35.01. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67.

Viad (NYSE:VVI) last released its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). The company had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $271.11 million. Viad had a net margin of 0.61% and a return on equity of 12.70%. On average, sell-side analysts forecast that Viad Corp will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on VVI shares. B. Riley reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $46.00) on shares of Viad in a report on Wednesday, March 6th. TheStreet raised Viad from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Finally, StockNews.com raised Viad from a “sell” rating to a “hold” rating in a report on Thursday, May 30th.

About Viad

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.