Viad Corp. (VVI) Sees Large Volume Increase
Shares of Viad Corp. (NYSE:VVI) saw unusually-high trading volume on Friday . Approximately 134,199 shares traded hands during trading, an increase of 40% from the previous session’s volume of 95,986 shares.The stock last traded at $31.67 and had previously closed at $30.68.
VVI has been the subject of several analyst reports. Zacks Investment Research lowered shares of Viad Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. B. Riley restated a “buy” rating and set a $39.25 price target on shares of Viad Corp. in a report on Tuesday, June 21st.
The stock has a 50-day moving average of $31.20 and a 200-day moving average of $29.45. The stock has a market capitalization of $638.92 million and a PE ratio of 29.40.
Viad Corp. (NYSE:VVI) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by $0.02. During the same period last year, the firm earned ($0.12) earnings per share. The firm earned $241.40 million during the quarter, compared to the consensus estimate of $253.72 million. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts forecast that Viad Corp. will post $2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Wednesday, June 1st.
Other hedge funds and institutional investors have modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Viad Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,161 shares of the company’s stock valued at $1,049,000 after buying an additional 631 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Viad Corp. by 155.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 37,620 shares of the company’s stock valued at $1,062,000 after buying an additional 22,920 shares during the last quarter. Shell Asset Management Co. acquired a new position in shares of Viad Corp. during the fourth quarter valued at approximately $1,422,000. Boston Partners raised its position in shares of Viad Corp. by 3.1% in the fourth quarter. Boston Partners now owns 52,902 shares of the company’s stock valued at $1,493,000 after buying an additional 1,600 shares during the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Viad Corp. during the fourth quarter valued at approximately $2,692,000.
Viad Corp is an international experiential services company. The Company has operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The Company conducts its operations through three business segments: the Marketing & Events U.S. Segment (U.S. Segment), the Marketing & Events International Segment (the International Segment) (collectively, the Marketing & Events Group), and the Travel & Recreation Group.
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