Viad (NYSE:VVI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Viad (NYSE:VVI – Get Rating) in a report released on Thursday morning. The firm issued a sell rating on the business services provider’s stock.

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

Viad Stock Performance

VVI opened at $20.15 on Thursday. Viad has a 52-week low of $19.62 and a 52-week high of $44.25. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 4.72. The company has a market cap of $417.91 million, a P/E ratio of 167.92, a price-to-earnings-growth ratio of 2.61 and a beta of 1.77. The firm’s 50-day moving average price is $25.99 and its 200-day moving average price is $29.72.

Hedge Funds Weigh In On Viad

Several hedge funds and other institutional investors have recently bought and sold shares of VVI. JPMorgan Chase & Co. increased its holdings in Viad by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 16,198 shares of the business services provider’s stock worth $577,000 after buying an additional 1,183 shares during the period. Raymond James & Associates boosted its position in Viad by 1.0% in the 1st quarter. Raymond James & Associates now owns 35,211 shares of the business services provider’s stock worth $1,255,000 after purchasing an additional 352 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Viad by 46.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,013 shares of the business services provider’s stock worth $107,000 after purchasing an additional 957 shares in the last quarter. MetLife Investment Management LLC boosted its position in Viad by 68.5% in the 1st quarter. MetLife Investment Management LLC now owns 11,154 shares of the business services provider’s stock worth $398,000 after purchasing an additional 4,536 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Viad by 1.7% in the 1st quarter. Rhumbline Advisers now owns 52,550 shares of the business services provider’s stock worth $1,873,000 after purchasing an additional 894 shares in the last quarter. Institutional investors and hedge funds own 92.57% of the company’s stock.

Viad Company Profile

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Viad Corp. engages in the provision of hospitality and leisure activities, experiential marketing, and live events. It operates through the following segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment provides travel experiences that include recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.