Viad (NYSE:VVI) rating downgraded to sell on

Viad (NYSE:VVI – Get Rated) was downgraded by stock research analysts at from a “hold” rating to a “sell” rating in a report released Friday.

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

Viad trading down 0.6%

Shares of VVI traded down $0.21 during midday trading on Friday, reaching $37.39. 60,475 shares of the company were exchanged, compared to its average volume of 115,737. The company has a fifty-day simple moving average of $33.50 and a 200-day simple moving average of $32.86. The company has a market capitalization of $771.02 million, a P/E ratio of -22.52, a PEG ratio of 2.77, and a beta of 1.80. Viad has a 12-month minimum of $25.18 and a 12-month maximum of $52.72. The company has a quick ratio of 0.97, a current ratio of 1.02, and a debt-to-equity ratio of 6.23.

Institutional investors weigh in on Viad

Several hedge funds have recently increased or reduced their holdings in the business. Prelude Capital Management LLC increased its stake in Viad by 11.5% during the second quarter. Prelude Capital Management LLC now owns 110,627 shares of the trading services provider worth $3,054,000 after buying an additional 11,391 shares last quarter. Western Standard LLC purchased a new position in Viad in the second quarter worth approximately $828,000. Thrivent Financial for Lutherans increased its holdings in Viad by 21.0% during the second quarter. Thrivent Financial for Lutherans now owns 20,229 shares of the business services provider worth $559,000 after purchasing an additional 3,516 shares in the last quarter. Penn Capital Management Company LLC increased its position in Viad stock by 26.1% in the second quarter. Penn Capital Management Company LLC now owns 366,066 shares of the business services provider valued at $10,107,000 after purchasing an additional 75,788 shares during the last quarter. Finally, State Street Corp increased its stake in Viad shares by 1.7% in the second quarter. State Street Corp now owns 699,356 shares of the business services provider valued at $19,309,000 after buying an additional 11,777 shares last quarter. Currently, 95.66% of the shares belong to institutional investors and hedge funds.

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Viad company profile

(Get rating)

Viad Corp operates as a live events and experiential leisure travel 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, accommodations and tours.

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