Janus Henderson Group PLC Invests $206,000 in Viad Corp (VVI)

Janus Henderson Group PLC bought a new stake in shares of Viad Corp (NYSE:VVI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,664 shares of the business services provider’s stock, valued at approximately $206,000.

Other large investors also recently bought and sold shares of the company. Quantamental Technologies LLC grew its holdings in shares of Viad by 111.3% during the first quarter. Quantamental Technologies LLC now owns 1,139 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 600 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of Viad by 464.9% during the fourth quarter. River Road Asset Management LLC now owns 569,948 shares of the business services provider’s stock valued at $28,549,000 after purchasing an additional 469,053 shares during the last quarter. Reinhart Partners Inc. grew its holdings in shares of Viad by 33.2% during the first quarter. Reinhart Partners Inc. now owns 62,463 shares of the business services provider’s stock valued at $3,516,000 after purchasing an additional 15,578 shares during the last quarter. Raymond James & Associates bought a new position in shares of Viad during the fourth quarter valued at approximately $4,650,000. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Viad by 8.6% during the fourth 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 purchasing an additional 2,031 shares during the last quarter. 88.55% of the stock is owned by institutional investors.

Several research firms have recently commented on VVI. ValuEngine lowered Viad from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Zacks Investment Research lowered Viad from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Shares of VVI stock opened at $61.38 on Friday. Viad Corp has a 12-month low of $46.17 and a 12-month high of $62.92. The company has a market capitalization of $1.25 billion, a P/E ratio of 26.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.52 and a quick ratio of 0.48.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $272.40 million. During the same period in the prior year, the company posted ($0.49) EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts forecast that Viad Corp will post 2.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 7th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, June 6th. Viad’s dividend payout ratio (DPR) is 17.09%.

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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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