Insider Selling: Viad Corp (NYSE:VVI) Director Sells 3,681 Shares of Stock

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

Viad Price Performance

Viad stock opened at $37.36 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 3.73. Viad Corp has a 52-week low of $22.88 and a 52-week high of $40.27. The firm has a market cap of $789.34 million, a PE ratio of -98.32, a price-to-earnings-growth ratio of 2.14 and a beta of 2.04. The company’s 50 day moving average is $33.57 and its two-hundred day moving average is $34.74.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and issued a $41.00 price objective on shares of Viad in a report on Tuesday, September 17th. StockNews.com upgraded Viad from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, B. Riley reiterated a “buy” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Viad in a report on Monday, August 12th.

Institutional Trading of Viad

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Viad during the 2nd quarter worth approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Viad by 63.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock worth $152,000 after purchasing an additional 1,748 shares in the last quarter. Advisory Services Network LLC purchased a new position in Viad in the fourth quarter valued at $163,000. Lazard Asset Management LLC acquired a new stake in Viad in the first quarter valued at $228,000. Finally, Virtu Financial LLC purchased a new stake in Viad during the 4th quarter worth about $234,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

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.