Hsbc Holdings PLC Buys Shares of 10,619 Viad Corp. (NYSE:VVI)


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Hsbc Holdings PLC bought a new stake in Viad Corp. (NYSE:VVI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,619 shares of the business services provider’s stock, valued at approximately $382,000. Hsbc Holdings PLC owned approximately 0.05% of Viad as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in shares of Viad by 11.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,728 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 277 shares in the last quarter. Cutler Group LP bought a new stake in shares of Viad in the 4th quarter valued at approximately $25,000. Veracity Capital LLC increased its holdings in shares of Viad by 4.3% in the 4th quarter. Veracity Capital LLC now owns 24,409 shares of the business services provider’s stock valued at $883,000 after acquiring an additional 1,000 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Viad by 7.3% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 15,335 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 1,044 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Viad by 17.3% in the 4th quarter. SG Americas Securities LLC now owns 12,202 shares of the business services provider’s stock valued at $441,000 after acquiring an additional 1,803 shares during the last quarter. 88.33% of the stock is currently owned by institutional investors.

In related news, CFO Ellen M. Ingersoll sold 10,000 shares of the company’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $45.91, for a total transaction of $459,100.00. Following the completion of the transaction, the chief financial officer now directly owns 32,055 shares in the company, valued at approximately $1,471,645.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrew B. Benett acquired 1,340 shares of the stock in a transaction that occurred on Thursday, February 18th. The shares were bought at an average price of $37.91 per share, with a total value of $50,799.40. Following the completion of the purchase, the director now owns 19,997 shares in the company, valued at $758,086.27. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.

Separately, Zacks Investment Research downgraded Viad from a “hold” rating to a “strong sell” rating in a report on Friday, February 19th.

Shares of NYSE VVI opened at $41.50 on Tuesday. The company has a market capitalization of $849.84 million, a price-to-earnings ratio of -4.37 and a beta of 1.58. The business has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $33.41. The company has a current ratio of 1.97, a quick ratio of 1.81 and a debt-to-equity ratio of 2.09. Viad Corp. has a twelve month low of $13.86 and a twelve month high of $46.44.

Viad (NYSE:VVI) last issued its quarterly earnings data on Wednesday, February 10th. The business services provider reported ($2.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.70) by ($0.41). The company had revenue of $27.90 million for the quarter, compared to the consensus estimate of $21.90 million. Viad had a negative return on equity of 6.87% and a negative net margin of 18.75%. As a group, equities analysts predict that Viad Corp. will post -6.2 earnings per share for the current year.

Viad 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 accommodation solutions, including researching and selection of local hotels, negotiating and contracting, room block management, group reservation management, rate integrity and monitoring, marketing, on-site, and post-event reporting; and registration and data analytics comprising registration and ticketing, lead management, reporting and analytics, web-based enterprise-wide application, and software-as-a-service model or partial and fully managed options.

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Institutional Ownership by Quarter for Viad (NYSE:VVI)

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