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

Viad (NYSE:VVI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Viad Price Performance

Shares of Viad stock traded up $0.40 during trading on Friday, hitting $34.69. 323,272 shares of the company’s stock traded hands, compared to its average volume of 88,598. The company has a debt-to-equity ratio of 4.67, a current ratio of 0.97 and a quick ratio of 0.93. The firm’s fifty day moving average price is $34.82 and its 200 day moving average price is $35.02. Viad has a twelve month low of $22.88 and a twelve month high of $40.27. The company has a market cap of $733.00 million, a PE ratio of -91.29, a PEG ratio of 1.55 and a beta of 2.04.

Viad (NYSE:VVI) last issued its earnings results on Thursday, May 2nd. The business services provider reported ($1.13) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($0.15). Viad had a net margin of 0.61% and a return on equity of 12.70%. The business had revenue of $273.50 million for the quarter, compared to analyst estimates of $271.11 million. Analysts forecast that Viad will post 1.62 earnings per share for the current year.

Hedge Funds Weigh In On Viad

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AJOVista LLC acquired a new position in Viad in the fourth quarter valued at about $54,000. Advisory Services Network LLC acquired a new position in Viad in the fourth quarter valued at about $163,000. Lazard Asset Management LLC acquired a new position in Viad in the first quarter valued at about $228,000. Arizona State Retirement System acquired a new position in Viad in the fourth quarter valued at about $211,000. Finally, Bailard Inc. acquired a new position in Viad in the fourth quarter valued at about $212,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Viad Company Profile

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.