Viad Corp (NYSE:VVI) Director Denise M. Coll Sells 3,681 Shares of Stock

Viad Corp (NYSE:VVI) Director Denise M. Coll sold 3,681 shares of Viad stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.32, for a total transaction of $85,840.92. Following the sale, the director now directly owns 15,913 shares of the company’s stock, valued at $371,091.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Viad Stock Up 5.7 %

Shares of VVI traded up $2.01 during trading hours on Friday, hitting $37.40. 93,987 shares of the company were exchanged, compared to its average volume of 90,294. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market cap of $790.19 million, a PE ratio of -96.13, a PEG ratio of 2.14 and a beta of 2.04. The firm’s 50 day moving average is $33.51 and its 200-day moving average is $34.75. Viad Corp has a 52 week low of $22.88 and a 52 week high of $40.27.

Viad (NYSE:VVI) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.77 by $0.20. Viad had a return on equity of 29.43% and a net margin of 2.30%. The company had revenue of $378.54 million for the quarter, compared to the consensus estimate of $358.72 million. During the same quarter last year, the company posted $0.36 earnings per share. On average, equities research analysts forecast that Viad Corp will post 1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VVI has been the subject of a number of research reports. B. Riley reissued a “buy” rating and set a $42.00 price objective (down previously from $46.00) on shares of Viad in a research report on Monday, August 12th. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $41.00 price objective on shares of Viad in a report on Tuesday, September 17th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Viad by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock worth $54,376,000 after purchasing an additional 16,185 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Viad by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock valued at $45,758,000 after acquiring an additional 20,209 shares during the period. Dimensional Fund Advisors LP raised its holdings in Viad by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 400,769 shares of the business services provider’s stock valued at $13,626,000 after acquiring an additional 22,339 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Viad by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock worth $5,218,000 after acquiring an additional 4,263 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Viad by 36.8% in the 2nd quarter. Millennium Management LLC now owns 147,817 shares of the business services provider’s stock worth $5,026,000 after acquiring an additional 39,796 shares during the period. Institutional investors own 89.91% of the company’s stock.

About Viad

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.