Allspring Global Investments Updates VIAD CORP Stake
Ticker: PRSU · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Viad Corp (PRSU) |
| Form Type | SC 13G/A |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: VVI
TL;DR
**Allspring Global Investments just updated their VIAD CORP stake, showing continued institutional interest.**
AI Summary
Allspring Global Investments Holdings, LLC filed an amended SC 13G/A on January 12, 2024, indicating their ownership of VIAD CORP (ticker: VVI) common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, updates their beneficial ownership stake in the company. This matters to investors as it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.
Why It Matters
This filing shows that a major institutional investor, Allspring Global Investments, continues to hold a significant position in VIAD CORP, signaling their ongoing confidence or strategic interest in the company.
Risk Assessment
Risk Level: low — This is a routine update on institutional ownership and does not indicate any immediate negative or positive risk to the company.
Analyst Insight
Investors should note the continued institutional ownership by Allspring Global Investments in VIAD CORP, which can be a factor in assessing long-term stability, but this filing alone doesn't suggest an immediate buy or sell action.
Key Players & Entities
- Allspring Global Investments Holdings, LLC (company) — the reporting person filing the SC 13G/A
- VIAD CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 12, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Allspring Global Investments Holdings, LLC, located at 1415 Vantage Park Drive, 3rd Floor, Charlotte, NC 28203.
What is the subject company of this filing?
The subject company is VIAD CORP, with its business address at 7000 E. 1st Avenue, Scottsdale, AZ 85251.
What is the CUSIP number for the securities reported?
The CUSIP number for the class of securities (Common Stock) is 92552R406.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 1,547 words · 6 min read · ~5 pages · Grade level 8.1 · Accepted 2024-01-12 08:52:37
Filing Documents
- Viad_20231231.htm (SC 13G/A) — 27KB
- 0001890906-24-000086.txt ( ) — 29KB
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 1,321,555 (ii) AGI: 1,320,231 (ii) AFM: 1,086,132 (b) Percent of class: (i) AGIH: 6.32% (ii) AGI: 6.31% (ii) AFM: 5.19% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 1,278,592 (2) AGI: 193,784 (3) AFM: 1,084,808 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 1,321,555 (2) AGI: 1,320,231 (3) AFM: 1,324 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following[ ].
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)