Andrew B. Benett Purchases 1,340 Shares of Viad Corp. (NYSE:VVI) Stock

Viad Corp. (NYSE:VVI) Director Andrew B. Benett acquired 1,340 shares of the firm’s stock in a transaction that occurred on Thursday, February 18th. The stock was acquired at an average cost of $37.91 per share, with a total value of $50,799.40. Following the completion of the acquisition, the director now directly owns 19,997 shares in the company, valued at $758,086.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

VVI opened at $42.70 on Tuesday. Viad Corp. has a 1-year low of $11.25 and a 1-year high of $60.75. The business has a 50 day moving average price of $37.15 and a two-hundred day moving average price of $28.01. The company has a market capitalization of $872.28 million, a price-to-earnings ratio of -4.49 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.97 and a quick ratio of 1.81.

Viad (NYSE:VVI) last posted its quarterly earnings results on Wednesday, February 10th. The business services provider reported ($2.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.70) by ($0.41). Viad had a negative return on equity of 6.87% and a negative net margin of 18.75%. Equities analysts expect that Viad Corp. will post -6.2 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered Viad from a “hold” rating to a “strong sell” rating in a report on Friday.

Large investors have recently modified their holdings of the company. Cutler Group LP acquired a new stake in shares of Viad in the fourth quarter valued at about $25,000. Public Employees Retirement System of Ohio grew its position in shares of Viad by 29.1% in the third quarter. Public Employees Retirement System of Ohio now owns 2,451 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 553 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Viad in the third quarter valued at about $62,000. BNP Paribas Arbitrage SA grew its position in shares of Viad by 329.8% in the third quarter. BNP Paribas Arbitrage SA now owns 5,093 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 3,908 shares during the last quarter. Finally, Arizona State Retirement System acquired a new stake in shares of Viad in the fourth quarter valued at about $214,000. 88.33% of the stock is currently owned by institutional investors.

Viad Company Profile

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. It operates through three segments: GES North America, GES EMEA, and Pursuit. The company offers event planning and production, furnishings and graphics, measurement, logistics, creative, exhibit program management, strategy and marketing, agency, rental exhibit, and custom design and fabrication services.

Further Reading: Percentage Decliners

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