Andrew B. Benett Purchases 1,000 Shares of Viad Corp (NYSE:VVI) Stock

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Viad Corp (NYSE:VVI) Director Andrew B. Benett acquired 1,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was acquired at an average price of $62.58 per share, for a total transaction of $62,580.00. Following the acquisition, the director now owns 15,230 shares in the company, valued at approximately $953,093.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE VVI traded up $0.38 during trading hours on Friday, reaching $65.58. The stock had a trading volume of 109 shares, compared to its average volume of 90,489. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 28.02 and a beta of 0.63. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.20. Viad Corp has a fifty-two week low of $46.17 and a fifty-two week high of $72.27. The firm has a 50-day moving average of $63.34 and a 200-day moving average of $65.48.

Viad (NYSE:VVI) last announced its earnings results on Thursday, October 24th. The business services provider reported $1.56 earnings per share (EPS) 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 net margin of 1.83% and a return on equity of 10.22%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. On average, equities analysts predict that Viad Corp will post 2.37 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Viad by 6.0% in the second quarter. BlackRock Inc. now owns 3,220,576 shares of the business services provider’s stock valued at $213,330,000 after buying an additional 182,633 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Viad by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,310,941 shares of the business services provider’s stock valued at $86,836,000 after buying an additional 13,153 shares in the last quarter. State Street Corp boosted its holdings in shares of Viad by 0.4% during the 3rd quarter. State Street Corp now owns 614,862 shares of the business services provider’s stock valued at $41,350,000 after buying an additional 2,324 shares in the last quarter. River Road Asset Management LLC boosted its holdings in shares of Viad by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 501,488 shares of the business services provider’s stock valued at $33,675,000 after buying an additional 13,976 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Viad by 16.6% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 394,740 shares of the business services provider’s stock valued at $26,148,000 after buying an additional 56,305 shares in the last quarter. 87.87% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on VVI. ValuEngine downgraded Viad from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut Viad from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th.

About Viad

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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