StockNews.com Downgrades Viad (NYSE:VVI) to Sell

Viad (NYSE:VVIGet Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Separately, Oppenheimer started coverage on shares of Viad in a report on Monday, June 13th. They issued an “outperform” rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.00.

Viad Price Performance

Shares of NYSE:VVI opened at $36.13 on Wednesday. The company has a 50-day simple moving average of $36.37 and a 200-day simple moving average of $33.09. Viad has a one year low of $25.18 and a one year high of $52.72. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.97 and a current ratio of 1.02. The stock has a market capitalization of $745.04 million, a price-to-earnings ratio of -21.77, a PEG ratio of 2.55 and a beta of 1.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VVI. Pinebridge Investments L.P. increased its stake in shares of Viad by 347.5% during the second quarter. Pinebridge Investments L.P. now owns 895 shares of the business services provider’s stock worth $25,000 after acquiring an additional 695 shares during the period. Captrust Financial Advisors increased its stake in shares of Viad by 211.5% during the first quarter. Captrust Financial Advisors now owns 894 shares of the business services provider’s stock worth $32,000 after acquiring an additional 607 shares during the period. KBC Group NV acquired a new position in shares of Viad during the second quarter worth about $48,000. Covestor Ltd acquired a new position in Viad during the first quarter worth about $61,000. Finally, Mutual of America Capital Management LLC grew its position in Viad by 16.9% during the second quarter. Mutual of America Capital Management LLC now owns 3,459 shares of the business services provider’s stock worth $96,000 after buying an additional 501 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

About Viad

(Get Rating)

Viad Corp operates as an experiential leisure travel, and live events and marketing services company in the United States, Canada, the United Kingdom, Continental Europe, the United Arab Emirates, and Iceland. It operates through two segments, Pursuit and GES. The Pursuit segment offers vertically integrated attractions and hospitality in destinations with a collection of attractions, lodges, and sightseeing tours.

Further Reading

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.