Insider Selling: Viad Corp (NYSE:VVI) Director Sells $85,840.92 in Stock

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

Viad Price Performance

Shares of NYSE VVI opened at $37.36 on Monday. The stock has a market capitalization of $789.34 million, a price-to-earnings ratio of -98.32, a price-to-earnings-growth ratio of 2.14 and a beta of 2.04. Viad Corp has a 52 week low of $22.88 and a 52 week high of $40.27. The firm has a 50-day simple moving average of $33.57 and a 200-day simple moving average of $34.74. 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 (NYSE:VVI) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.20. The business had revenue of $378.54 million for the quarter, compared to analyst estimates of $358.72 million. Viad had a net margin of 2.30% and a return on equity of 29.43%. During the same period last year, the company posted $0.36 EPS. On average, equities analysts predict that Viad Corp will post 1.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Viad

Large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Viad during the 2nd quarter valued at about $38,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Viad by 63.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,483 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,748 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Viad in the 4th quarter valued at approximately $163,000. Lazard Asset Management LLC acquired a new stake in shares of Viad during the 1st quarter worth approximately $228,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Viad during the 2nd quarter valued at approximately $228,000. 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.