River Road Asset Management Amends Viad Corp Stake
Ticker: PRSU · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Viad Corp (PRSU) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**River Road Asset Management just updated their Viad Corp holdings, watch for market reaction.**
AI Summary
River Road Asset Management, LLC, an investment firm based in Louisville, KY, filed an amended SC 13G/A on January 30, 2024, indicating their ownership in Viad Corp. This filing, dated for the event on December 31, 2023, updates their previous disclosure regarding their holdings of Viad Corp's Common Stock. This matters to investors because it shows a significant institutional investor's continued or adjusted position in Viad Corp, potentially signaling their confidence or change in outlook on the company's future performance.
Why It Matters
This filing shows an institutional investor's updated position in Viad Corp, which can influence market perception and potentially impact the stock price.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not inherently indicate high risk.
Analyst Insight
Investors should note that River Road Asset Management, LLC continues to hold a position in Viad Corp, as indicated by this amended filing. While the specific change in their holding isn't detailed in the provided text, the update suggests ongoing institutional interest. Smart investors would look for the full filing to understand the exact percentage of ownership and any changes from previous disclosures to gauge the firm's current conviction in Viad Corp.
Key Players & Entities
- River Road Asset Management, LLC (company) — the reporting person and institutional investor
- Viad Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- Louisville, KY (location) — business address of River Road Asset Management, LLC
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in beneficial ownership by an institutional investor.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, with IRS Identification No. 43-2076925.
What is the subject company whose securities are being reported?
The subject company is Viad Corp, with CUSIP Number 92552R406 for its Common Stock.
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.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the checked box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding VIAD CORP (PRSU).