Viad Corp (NYSE:VVI) Insider David W. Barry Purchases 1,580 Shares

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

Viad stock opened at $64.43 on Friday. The stock has a market cap of $1.31 billion, a P/E ratio of 64.43 and a beta of 0.68. The company has a fifty day simple moving average of $66.90 and a 200-day simple moving average of $65.80. Viad Corp has a 12-month low of $52.67 and a 12-month high of $72.27. 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 (NYSE:VVI) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The business had revenue of $321.33 million during the quarter, compared to analysts’ expectations of $311.20 million. Viad had a net margin of 1.57% and a return on equity of 10.34%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. As a group, sell-side analysts forecast that Viad Corp will post 3.75 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in VVI. BlackRock Inc. lifted its position 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 acquiring an additional 182,633 shares during the last quarter. Victory Capital Management Inc. lifted its position in Viad by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 944,206 shares of the business services provider’s stock valued at $61,373,000 after acquiring an additional 22,950 shares during the last quarter. River Road Asset Management LLC lifted its position in Viad by 87.5% in the fourth quarter. River Road Asset Management LLC now owns 940,196 shares of the business services provider’s stock valued at $63,463,000 after acquiring an additional 438,708 shares during the last quarter. 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 valued at $41,350,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in Viad by 1.5% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 404,215 shares of the business services provider’s stock valued at $27,285,000 after acquiring an additional 6,125 shares during the last quarter. 88.21% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Viad from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 26th. ValuEngine raised shares of Viad from a “sell” rating to a “hold” rating in a research report on Wednesday.

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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