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Viad Corp. (VVI) Stake Boosted by Timessquare Capital Management Llc; Nomura Asset Management Company LTD Has Trimmed Stake in Sysco (SYY) by $1.23 Million as Valuation Declined

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Timessquare Capital Management Llc increased its stake in Viad Corp. (VVI) by 54.46% based on its latest 2017Q4 regulatory filing with the SEC. Timessquare Capital Management Llc bought 221,035 shares as the company’s stock declined 7.52% with the market. The institutional investor held 626,875 shares of the business services company at the end of 2017Q4, valued at $34.73 million, up from 405,840 at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Viad Corp. for a number of months, seems to be bullish on the $1.12 billion market cap company. The stock increased 0.65% or $0.35 during the last trading session, reaching $54.5. About 10,363 shares traded. Viad Corp (NYSE:VVI) has risen 17.05% since April 17, 2017 and is uptrending. It has outperformed by 5.50% the S&P500.

Nomura Asset Management Company Ltd decreased its stake in Sysco Corp (SYY) by 8.92% based on its latest 2017Q4 regulatory filing with the SEC. Nomura Asset Management Company Ltd sold 20,489 shares as the company’s stock declined 2.24% with the market. The institutional investor held 209,311 shares of the food distributors company at the end of 2017Q4, valued at $12.71 million, down from 229,800 at the end of the previous reported quarter. Nomura Asset Management Company Ltd who had been investing in Sysco Corp for a number of months, seems to be less bullish one the $32.30 billion market cap company. The stock increased 1.04% or $0.64 during the last trading session, reaching $61.9. About 955,984 shares traded. Sysco Corporation (NYSE:SYY) has risen 14.07% since April 17, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $15.23B US Long portfolio, decreased its stake in A.O. Smith Corp. (NYSE:AOS) by 61,850 shares to 407,600 shares, valued at $24.98M in 2017Q4, according to the filing. It also reduced its holding in Nordson Corporation (NASDAQ:NDSN) by 111,600 shares in the quarter, leaving it with 1.04 million shares, and cut its stake in Allegiant Travel Co (NASDAQ:ALGT).

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.27, from 0.94 in 2017Q3. It increased, as 11 investors sold VVI shares while 51 reduced holdings. 32 funds opened positions while 43 raised stakes. 17.39 million shares or 0.55% less from 17.49 million shares in 2017Q3 were reported. The Kentucky-based River Road Asset Management Ltd Limited Liability Company has invested 0.1% in Viad Corp (NYSE:VVI). 15,880 were reported by Gotham Asset Management Ltd Liability Com. Manatuck Hill Partners Limited Liability Corp has 2.32% invested in Viad Corp (NYSE:VVI) for 80,400 shares. Deutsche Natl Bank Ag accumulated 49,769 shares. Comerica Savings Bank invested 0.01% of its portfolio in Viad Corp (NYSE:VVI). 6,200 are held by Violich Mgmt. Prudential Inc owns 45,149 shares for 0% of their portfolio. Fifth Third Bank has invested 0% of its portfolio in Viad Corp (NYSE:VVI). Parametric Assoc Ltd Liability reported 56,580 shares or 0% of all its holdings. Covey Cap Ltd Liability owns 3.95% invested in Viad Corp (NYSE:VVI) for 53,893 shares. Tower Rech Ltd (Trc), a New York-based fund reported 3,052 shares. Stevens Cap Mngmt Limited Partnership owns 9,200 shares for 0.02% of their portfolio. Campbell Invest Adviser Limited Liability Company has 6,208 shares for 0.25% of their portfolio. Northern Trust Corp holds 359,665 shares or 0.01% of its portfolio. Utd Automobile Association stated it has 0% in Viad Corp (NYSE:VVI).

Nomura Asset Management Company Ltd, which manages about $32.64B and $8.64B US Long portfolio, upped its stake in Bristol Myers Squibb Co (NYSE:BMY) by 7,318 shares to 263,785 shares, valued at $16.16 million in 2017Q4, according to the filing. It also increased its holding in Price T Rowe Group Inc (NASDAQ:TROW) by 4,479 shares in the quarter, for a total of 38,077 shares, and has risen its stake in Fedex Corp (NYSE:FDX).

Among 21 analysts covering Sysco Corporation (NYSE:SYY), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Sysco Corporation had 57 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained Sysco Corporation (NYSE:SYY) on Monday, June 19 with “Hold” rating. On Tuesday, February 2 the stock rating was downgraded by Morgan Stanley to “Underweight”. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Monday, June 20 by Bank of America. As per Friday, June 23, the company rating was maintained by Wells Fargo. J P Morgan Chase Co maintained the shares of SYY in report on Friday, June 23 with “Overweight” rating. Pivotal Research maintained Sysco Corporation (NYSE:SYY) on Tuesday, November 8 with “Hold” rating. The firm earned “Hold” rating on Thursday, August 3 by Jefferies. The stock has “Equal Weight” rating by Barclays Capital on Thursday, November 10. RBC Capital Markets maintained Sysco Corporation (NYSE:SYY) rating on Friday, August 11. RBC Capital Markets has “Hold” rating and $5000 target. As per Wednesday, April 12, the company rating was maintained by Guggenheim.

Analysts await Sysco Corporation (NYSE:SYY) to report earnings on May, 7 before the open. They expect $0.65 earnings per share, up 27.45% or $0.14 from last year’s $0.51 per share. SYY’s profit will be $339.22M for 23.81 P/E if the $0.65 EPS becomes a reality. After $0.66 actual earnings per share reported by Sysco Corporation for the previous quarter, Wall Street now forecasts -1.52% negative EPS growth.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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