Moab Capital Partners buys $37,432,064 stake in Viad Corp (VVI)

Viad Corp (VVI) : Moab Capital Partners scooped up 197,122 additional shares in Viad Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 867,487 shares of Viad Corp which is valued at $37,432,064.Viad Corp makes up approximately 12.11% of Moab Capital Partners’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in VVI in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 2,579 shares of Viad Corp which is valued at $111,284. Viad Corp makes up approx 0.01% of Pinebridge Investments’s portfolio. Teacher Retirement System Of Texas sold out all of its stake in VVI during the most recent quarter. The investment firm sold 2,793 shares of VVI which is valued $112,698.Great West Life Assurance Co Can boosted its stake in VVI in the latest quarter, The investment management firm added 1,519 additional shares and now holds a total of 26,847 shares of Viad Corp which is valued at $1,071,195.

Viad Corp opened for trading at $43.8 and hit $44.85 on the upside on Monday, eventually ending the session at $44.75, with a gain of 2.52% or 1.1 points. The heightened volatility saw the trading volume jump to 2,75,934 shares. Company has a market cap of $909 M.

On the company’s financial health, Viad Corp reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.56. The company had revenue of $382.47 million for the quarter, compared to analysts expectations of $372.70 million. The company’s revenue was up 49.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 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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