Moab Capital Partners buys $21,913,625 stake in Viad Corp (VVI)

Viad Corp (VVI) : Moab Capital Partners scooped up 229,773 additional shares in Viad Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 619,554 shares of Viad Corp which is valued at $21,913,625.Viad Corp makes up approximately 7.61% of Moab Capital Partners’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added VVI to its portfolio by purchasing 6,525 company shares during the most recent quarter which is valued at $230,789.Credit Suisse Ag boosted its stake in VVI in the latest quarter, The investment management firm added 17,502 additional shares and now holds a total of 31,764 shares of Viad Corp which is valued at $1,123,493.

Viad Corp closed down -0.06 points or -0.17% at $35.7 with 64,510 shares getting traded on Thursday. Post opening the session at $35.8, the shares hit an intraday low of $35.37 and an intraday high of $36.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Viad Corp reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.82. The company had revenue of $324.70 million for the quarter, compared to analysts expectations of $304.90 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.18 EPS.

Viad Corp (Viad) is engaged in the exhibition and events industry and the travel and recreation business. The Company serves clients in the United States Canada the United Kingdom Germany and the United Arab Emirates. The Company operates two business groups: Marketing & Events Group and Travel & Recreation Group. The Marketing & Events Group is a global event marketing company that helps clients gain awareness involvement and value from their trade show programs and other live events. The Travel & Recreation Group is an experiential leisure travel provider serving the needs of regional and long-haul visitors to natural and cultural destinations in North America. Its Travel and recreation services are provided by Brewster Inc. (Brewster) Glacier Park Inc. (Glacier Park) and Alaskan Park Properties Inc. (Alaska Denali Travel). Brewster and Alaska Denali Travel are wholly owned subsidiaries of Viad and Glacier Park is an 80% owned subsidiary of Viad.

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