Victory Capital Management, Inc. recently announced the acquisition of new stake in Viad Corp (NYSE:VVI). The institutional investor has increased its shareholding in the Industrials company by 0.86% to 2.38 million shares with purchase of 20195.0 shares. This fresh investment now brings its stake to 11.52% valued currently at $58.08 million. In addition, Allspring Global Investments LLC raised its holdings by 28301.0 to 1.32 million shares. And The Vanguard Group, Inc. has lifted its position by 1.30% or 16777.0 shares – to 1.31 million shares.
With over 0.36 million Viad Corp (VVI) shares trading Friday and a closing price of $25.57 on the day, the dollar volume was approximately $9.27 million. The shares have shown a negative half year performance of -2.55% and its price on 01/13/23 gained nearly 0.27%. Currently, there are 20.61M common shares owned by the public and among those 20.08M shares have been available to trade.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for VVI have a consensus price objective of $43.50. The analysts have set the share’s price value over the next 12 months at a high of $45.00 and a low of $42.00. The average price target is 41.22% above its recent price level and an upside to the estimated low will see the stock gain 39.12% over that period. But an upside of 43.18% will see the stock hit the forecast high price target while median target price for the stock is $43.50.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 95,978 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 6,032 shares.
The top 3 mutual fund holders in Viad Corp are Victory Sycamore Small Company Op, iShares Core S&P Small Cap ETF, and Allspring Special Small Cap Value. Victory Sycamore Small Company Op owns 1.8 million shares of the company’s stock, all valued at over $43.9 million. The company bought an additional 29237.0 shares recently to bring their total holdings to about 8.71% of the shares outstanding. iShares Core S&P Small Cap ETF sold 1160.0 shares to see its total holdings shrink to 1.54 million shares valued at over $37.53 million and representing 7.45% of the shares outstanding. Allspring Special Small Cap Value bought 20500.0 shares to bring its total holdings to over 1.06 million shares at a value of $25.97 million. Allspring Special Small Cap Value now owns shares totaling to 5.15% of the shares outstanding.
Shares of Viad Corp (NYSE: VVI) opened at $25.17, down -$0.33 from a prior closing price of $25.50. However, the script later moved the day high at 25.62, up 0.27%. The company’s stock has a 5-day price change of 6.59% and -24.79% over the past three months. VVI shares are trading 4.84% year to date (YTD), with the 12-month market performance down to -36.96% lower. It has a 12-month low price of $23.07 and touched a high of $44.25 over the same period. VVI has an average intraday trading volume of 112.11K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.39%, -9.28%, and -20.30% respectively.
Institutional ownership of Viad Corp (NYSE: VVI) shares accounts for 94.60% of the company’s 20.61M shares outstanding. Mutual fund holders own 53.10%, while other institutional holders and individual stakeholders account for 9.07% and 40.42% respectively.
It has a market capitalization of $527.00M and a beta (3y monthly) value of 1.72. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.00% over the week and 3.64% over the month.
Analysts forecast that Viad Corp (VVI) will achieve an EPS of $2.18 for the current quarter, -$0.87 for the next quarter and $2.16 for 2023. The lowest estimate earnings-per-share for the quarter is $1.86 while analysts give the company a high EPS estimate of $2.51. Comparatively, EPS for the current quarter was $0.58 a year ago. Earnings per share for the fiscal year are expected to increase by 72.90%, and 646.40% over the next financial year. EPS should grow at an annualized rate of 14.00% over the next five years, compared to -34.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Viad Corp (VVI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VVI, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on June 14, 2022, with the firm’s price target at $42. Sidoti coverage for the Viad Corp (VVI) stock in a research note released on February 11, 2022 offered a Neutral rating with a price target of $42. B. Riley Securities was of a view on May 26, 2021 that the stock is Buy, while Singular Research gave the stock Buy rating on March 12, 2014, issuing a price target of $38- $34. Davenport on their part issued Neutral rating on October 28, 2008.
