Great West Life Assurance Co. Can lifted its holdings in shares of Viad Corp (NYSE:VVI) by 5.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,693 shares of the business services provider’s stock after acquiring an additional 1,401 shares during the period. Great West Life Assurance Co. Can owned approximately 0.13% of Viad worth $1,400,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in VVI. Quadrature Capital Ltd bought a new position in shares of Viad during the 4th quarter worth about $211,000. Teacher Retirement System of Texas bought a new position in shares of Viad during the 4th quarter worth about $389,000. Certified Advisory Corp bought a new position in shares of Viad during the 4th quarter worth about $403,000. Millennium Management LLC bought a new position in shares of Viad during the 4th quarter worth about $465,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Viad during the 4th quarter worth about $495,000. 87.58% of the stock is owned by institutional investors.
In other news, Director Joshua Schechter purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was purchased at an average cost of $50.50 per share, with a total value of $50,500.00. Following the acquisition, the director now directly owns 27,038 shares of the company’s stock, valued at approximately $1,365,419. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.
A number of equities analysts have recently commented on VVI shares. Zacks Investment Research raised shares of Viad from a “sell” rating to a “hold” rating in a report on Friday, April 13th. ValuEngine raised shares of Viad from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
Viad opened at $56.20 on Tuesday, MarketBeat.com reports. The stock has a market cap of $1.14 billion, a PE ratio of 21.45 and a beta of 0.63. Viad Corp has a 52 week low of $44.90 and a 52 week high of $61.85. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.12.
Viad (NYSE:VVI) last released its quarterly earnings data on Thursday, April 26th. The business services provider reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.03. The company had revenue of $277.43 million during the quarter, compared to the consensus estimate of $276.48 million. Viad had a net margin of 3.30% and a return on equity of 8.40%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. equities research analysts expect that Viad Corp will post 2.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Investors of record on Friday, June 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, May 31st. Viad’s dividend payout ratio is currently 15.27%.
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. The company operates in two business groups, GES and Pursuit. It 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.
Receive News & Ratings for Viad Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viad and related companies with MarketBeat.com's FREE daily email newsletter.