Viad (NYSE:VVI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Viad (NYSE:VVI – Get Rating) in a research report issued on Thursday. The brokerage set a “sell” rating on the business services provider’s stock.

Separately, TheStreet cut shares of Viad from a “c-” rating to a “d” rating in a research report on Thursday, February 9th.

Viad Stock Down 3.1 %

Shares of Viad stock opened at $20.33 on Thursday. The business has a 50-day moving average of $26.12 and a 200-day moving average of $29.98. The company has a debt-to-equity ratio of 4.72, a current ratio of 1.13 and a quick ratio of 1.08. The company has a market capitalization of $421.64 million, a PE ratio of 169.42, a P/E/G ratio of 2.81 and a beta of 1.77. Viad has a 1-year low of $19.62 and a 1-year high of $44.25.

Institutional Investors Weigh In On Viad

Hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. raised its holdings in shares of Viad by 4.5% during the third quarter. Prudential Financial Inc. now owns 22,098 shares of the business services provider’s stock valued at $600,000 after buying an additional 944 shares during the last quarter. Penn Capital Management Company LLC raised its holdings in shares of Viad by 26.1% during the second quarter. Penn Capital Management Company LLC now owns 366,066 shares of the business services provider’s stock valued at $10,107,000 after buying an additional 75,788 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of 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 valued at $96,000 after buying an additional 501 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Viad by 10.4% during the third quarter. River Road Asset Management LLC now owns 991,710 shares of the business services provider’s stock valued at $31,318,000 after buying an additional 93,234 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Viad by 75.5% during the third quarter. Raymond James & Associates now owns 58,391 shares of the business services provider’s stock valued at $1,844,000 after buying an additional 25,117 shares during the last quarter. Institutional investors own 92.57% of the company’s stock.

Viad Company Profile

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Viad Corp. engages in the provision of marketing services and travel and recreation services. It operates through the following segments: GES U.S., GES International, (collectively, GES) and Pursuit. The GES business group offers live event service to visible and influential events and global brands.