Notable Runner: Viad Corp on Focus After Trading At 52-Week Highs

Notable Runner: Viad Corp on Focus After Trading At 52 Week Highs

The stock of Viad Corp (NYSE:VVI) hit a new 52-week high and has $67.81 target or 66.00% above today’s $40.85 share price. The 9 months bullish chart indicates low risk for the $808.68M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $67.81 price target is reached, the company will be worth $533.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 26,151 shares traded hands. Viad Corp (NYSE:VVI) has risen 38.89% since March 31, 2016 and is uptrending. It has outperformed by 36.37% the S&P500.

Analysts await Viad Corp (NYSE:VVI) to report earnings on November, 3. They expect $1.54 EPS, up 294.87% or $1.15 from last year’s $0.39 per share. VVI’s profit will be $30.49 million for 6.63 P/E if the $1.54 EPS becomes a reality. After $1.04 actual EPS reported by Viad Corp for the previous quarter, Wall Street now forecasts 48.08% EPS growth.

According to Zacks Investment Research, “Viad Corp. is comprised of operating companies and a division which constitute a diversified services business. Most of Viad’s services are provided to businesses for use by their customers. Accordingly, the corporation markets its services through retail and financial locations, primarily in the U.S., to numerous trade show organizers and exhibitors, and others.”

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.09, from 1.29 in 2016Q1. The ratio worsened, as 10 funds sold all Viad Corp shares owned while 45 reduced positions. 15 funds bought stakes while 51 increased positions. They now own 17.76 million shares or 0.09% more from 17.74 million shares in 2016Q1.
Kbc Nv, a Belgium-based fund reported 9,024 shares. Creative Planning has 327 shares for 0% of their US portfolio. Blackrock Fund Advisors holds 0.01% of its portfolio in Viad Corp (NYSE:VVI) for 1.36M shares. First Interstate Fincl Bank holds 0% or 788 shares in its portfolio. Pinebridge Investments L P holds 2,568 shares or 0% of its portfolio. Texas Permanent School Fund reported 15,484 shares or 0.01% of all its holdings. Us National Bank & Trust De has 0% invested in the company for 1,135 shares. Wells Fargo Mn accumulated 657,512 shares or 0.01% of the stock. Aqr Cap Management Ltd Liability reported 55,816 shares or 0% of all its holdings. Moab Capital Ltd holds 670,365 shares or 6.6% of its portfolio. Stevens Cap Mgmt Lp has 0.01% invested in the company for 7,356 shares. Rbf Llc reported 40,000 shares or 0.25% of all its holdings. American Fincl Group, a Ohio-based fund reported 9,997 shares. D E Shaw reported 21,805 shares or 0% of all its holdings. Moreover, Credit Suisse Ag has 0% invested in Viad Corp (NYSE:VVI) for 31,764 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 1 insider sale for $71,736 net activity. MUNZENRIDER ROBERT E sold 2,000 shares worth $71,736.

More notable recent Viad Corp (NYSE:VVI) news were published by: Prnewswire.com which released: “Viad Corp Delivers Strong Third Quarter 2016 Results” on October 27, 2016, also Streetinsider.com with their article: “Viad Corp. (VVI) Acquires ON Event Services” published on August 11, 2016, Prnewswire.com published: “Viad Corp Acquires Jasper National Park Based Attraction” on January 05, 2016. More interesting news about Viad Corp (NYSE:VVI) were released by: Prnewswire.com and their article: “Viad Corp Streamlines Corporate Development Efforts” published on March 24, 2016 as well as Prnewswire.com‘s news article titled: “Viad Corp Hires President For Its Travel & Recreation Group” with publication date: June 15, 2015.

VVI Company Profile

Viad Corp, incorporated on December 16, 1991, is an international experiential services company. The Firm has activities in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Firm conducts its activities through three business divisions: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group. The Marketing & Events Group, which includes the activities of Global Experience Specialists, Inc. (GES), is a global well-known provider for live events. The Travel & Recreation Group provides experiential travel services in iconic locations.

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