Viad (NYSE:VVI) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Viad (NYSE:VVI) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Viad Trading Down 0.4 %

Shares of NYSE:VVI traded down $0.13 during trading on Wednesday, reaching $32.33. The stock had a trading volume of 25,223 shares, compared to its average volume of 90,741. Viad has a 52 week low of $22.88 and a 52 week high of $40.27. The company has a debt-to-equity ratio of 4.67, a quick ratio of 0.93 and a current ratio of 0.97. The firm’s fifty day moving average is $34.44 and its 200 day moving average is $34.98. The stock has a market cap of $683.07 million, a price-to-earnings ratio of -85.47, a P/E/G ratio of 1.47 and a beta of 2.04.

Viad (NYSE:VVI) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.20. Viad had a net margin of 0.61% and a return on equity of 12.70%. The business had revenue of $378.54 million for the quarter, compared to analysts’ expectations of $358.72 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, equities analysts forecast that Viad will post 1.45 EPS for the current fiscal year.

Institutional Trading of Viad

Several hedge funds have recently modified their holdings of VVI. Vanguard Group Inc. grew its stake in Viad by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,376,964 shares of the business services provider’s stock valued at $54,376,000 after acquiring an additional 16,185 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Viad by 1.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,345,832 shares of the business services provider’s stock worth $45,758,000 after buying an additional 20,209 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Viad by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 171,332 shares of the business services provider’s stock valued at $6,202,000 after buying an additional 1,545 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Viad by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 153,482 shares of the business services provider’s stock valued at $5,218,000 after buying an additional 4,263 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Viad by 6.7% during the first quarter. Sei Investments Co. now owns 132,081 shares of the business services provider’s stock worth $5,216,000 after acquiring an additional 8,257 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

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.