Viad Corp (NYSE:VVI) Insider Purchases $98,434.00 in Stock

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Viad Corp (NYSE:VVI) insider David W. Barry bought 1,580 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was acquired at an average cost of $62.30 per share, for a total transaction of $98,434.00.

VVI opened at $64.43 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.51 and a quick ratio of 0.48. The company’s 50 day simple moving average is $66.90 and its two-hundred day simple moving average is $65.80. Viad Corp has a 1-year low of $52.67 and a 1-year high of $72.27. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 64.43 and a beta of 0.68.

Viad (NYSE:VVI) last released its earnings results on Thursday, February 6th. The business services provider reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.08. The business had revenue of $321.33 million for the quarter, compared to analyst estimates of $311.20 million. Viad had a net margin of 1.57% and a return on equity of 10.34%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. On average, equities analysts anticipate that Viad Corp will post 3.75 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in VVI. River Road Asset Management LLC increased its holdings in shares of Viad by 87.5% during the 4th quarter. River Road Asset Management LLC now owns 940,196 shares of the business services provider’s stock worth $63,463,000 after buying an additional 438,708 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Viad by 6.0% during the 2nd quarter. BlackRock Inc. now owns 3,220,576 shares of the business services provider’s stock worth $213,330,000 after buying an additional 182,633 shares during the last quarter. Reinhart Partners Inc. increased its holdings in shares of Viad by 90.8% during the 4th quarter. Reinhart Partners Inc. now owns 137,258 shares of the business services provider’s stock worth $9,265,000 after buying an additional 65,328 shares during the last quarter. Mackay Shields LLC acquired a new stake in shares of Viad during the 3rd quarter worth approximately $4,009,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of Viad during the 4th quarter worth approximately $3,065,000. Institutional investors and hedge funds own 88.21% of the company’s stock.

A number of research firms have weighed in on VVI. ValuEngine raised shares of Viad from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of Viad from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 26th.

Viad Company Profile

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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