Viad Corp (NYSE:VVI – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $31.60, but opened at $32.55. Viad shares last traded at $32.55, with a volume of 838 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on VVI. TheStreet upgraded Viad from a “d+” rating to a “c” rating in a research report on Monday, August 14th. Oppenheimer lifted their target price on Viad from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. StockNews.com initiated coverage on Viad in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, B. Riley lifted their price target on Viad from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Viad has an average rating of “Moderate Buy” and an average price target of $39.67.
Viad Stock Performance
Insider Buying and Selling at Viad
In other news, CFO Ellen M. Ingersoll sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $31.37, for a total transaction of $470,550.00. Following the completion of the sale, the chief financial officer now owns 10,409 shares in the company, valued at $326,530.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On Viad
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Viad by 0.4% in the first quarter. BlackRock Inc. now owns 3,251,400 shares of the business services provider’s stock worth $115,881,000 after purchasing an additional 11,979 shares during the last quarter. River Road Asset Management LLC boosted its position in Viad by 0.5% in the third quarter. River Road Asset Management LLC now owns 1,826,931 shares of the business services provider’s stock worth $47,866,000 after purchasing an additional 8,983 shares during the last quarter. Blue Grotto Capital LLC grew its stake in shares of Viad by 5.6% during the 1st quarter. Blue Grotto Capital LLC now owns 1,395,717 shares of the business services provider’s stock worth $29,087,000 after acquiring an additional 73,600 shares during the period. Vanguard Group Inc. grew its stake in shares of Viad by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,339,382 shares of the business services provider’s stock worth $42,298,000 after acquiring an additional 18,766 shares during the period. Finally, Cannell Capital LLC grew its stake in shares of Viad by 18.2% during the 1st quarter. Cannell Capital LLC now owns 891,324 shares of the business services provider’s stock worth $18,575,000 after acquiring an additional 137,114 shares during the period. Institutional investors own 91.45% of the company’s stock.
Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, the United Arab Emirates, Netherlands, and Iceland. It operates through Pursuit, Spiro, and GES Exhibitions segments. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.
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