Viad (NYSE:VVI) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Viad (NYSE:VVI) from a hold rating to a sell rating in a report published on Friday.

Viad Stock Down 1.5 %

Shares of NYSE VVI opened at $34.19 on Friday. Viad has a 12-month low of $22.88 and a 12-month high of $40.27. The stock has a market cap of $722.43 million, a P/E ratio of -89.97, a PEG ratio of 1.43 and a beta of 2.04. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 4.67. The business’s fifty day simple moving average is $34.81 and its 200-day simple moving average is $35.04.

Viad (NYSE:VVI) last posted its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) EPS for the quarter, missing the consensus estimate of ($0.98) by ($0.15). The business had revenue of $273.50 million during the quarter, compared to analysts’ expectations of $271.11 million. Viad had a net margin of 0.61% and a return on equity of 12.70%. As a group, equities analysts predict that Viad will post 1.62 EPS for the current fiscal year.

Institutional Trading of Viad

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its position in Viad by 227.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 31,968 shares of the business services provider’s stock worth $1,262,000 after buying an additional 22,210 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Viad in the fourth quarter valued at approximately $380,000. Advisory Services Network LLC purchased a new position in Viad in the fourth quarter worth $163,000. Bailard Inc. acquired a new position in shares of Viad during the 4th quarter worth $212,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Viad in the fourth quarter valued at about $405,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

About Viad

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.