Viad Corp (NYSE:VVI) Director Andrew B. Benett acquired 1,000 shares of Viad stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $62.58 per share, with a total value of $62,580.00. Following the completion of the transaction, the director now owns 15,230 shares of the company’s stock, valued at approximately $953,093.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
VVI traded up $0.10 during trading on Wednesday, reaching $62.39. The stock had a trading volume of 85,916 shares, compared to its average volume of 90,333. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 26.66 and a beta of 0.63. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 0.20. Viad Corp has a 1-year low of $46.17 and a 1-year high of $72.27. The stock has a 50 day moving average of $63.42 and a two-hundred day moving average of $65.46.
Viad (NYSE:VVI) last released its earnings results on Thursday, October 24th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.13). The firm had revenue of $362.50 million during the quarter, compared to analyst estimates of $357.45 million. Viad had a return on equity of 10.22% and a net margin of 1.83%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.72 earnings per share. On average, research analysts forecast that Viad Corp will post 2.37 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC acquired a new stake in Viad in the third quarter worth approximately $316,000. California State Teachers Retirement System lifted its position in Viad by 1.2% in the third quarter. California State Teachers Retirement System now owns 31,270 shares of the business services provider’s stock worth $2,100,000 after purchasing an additional 373 shares during the period. State Street Corp lifted its position in Viad by 0.4% in the third quarter. State Street Corp now owns 614,862 shares of the business services provider’s stock worth $41,350,000 after purchasing an additional 2,324 shares during the period. Permanens Capital L.P. acquired a new stake in Viad in the third quarter worth approximately $987,000. Finally, River Road Asset Management LLC lifted its position in Viad by 2.9% in the third quarter. River Road Asset Management LLC now owns 501,488 shares of the business services provider’s stock worth $33,675,000 after purchasing an additional 13,976 shares during the period. Hedge funds and other institutional investors own 87.87% of the company’s stock.
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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