Viad (VVI) Upgraded at ValuEngine
ValuEngine upgraded shares of Viad (NYSE:VVI) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Separately, Zacks Investment Research downgraded shares of Viad from a hold rating to a strong sell rating in a research note on Wednesday, February 14th.
Viad (VVI) opened at $52.35 on Thursday. Viad has a one year low of $42.05 and a one year high of $61.85. The firm has a market cap of $1,053.81, a PE ratio of 18.56 and a beta of 0.59. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 0.13.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, March 15th. Viad’s payout ratio is 14.18%.
Hedge funds have recently made changes to their positions in the stock. Bowling Portfolio Management LLC raised its stake in Viad by 31.4% in the 4th quarter. Bowling Portfolio Management LLC now owns 31,820 shares of the business services provider’s stock valued at $1,763,000 after purchasing an additional 7,613 shares during the last quarter. Prudential Financial Inc. raised its stake in Viad by 8.1% in the 3rd quarter. Prudential Financial Inc. now owns 79,202 shares of the business services provider’s stock valued at $4,823,000 after purchasing an additional 5,910 shares during the last quarter. Algert Global LLC raised its stake in Viad by 84.2% in the 3rd quarter. Algert Global LLC now owns 27,370 shares of the business services provider’s stock valued at $1,667,000 after purchasing an additional 12,510 shares during the last quarter. State Street Corp increased its stake in shares of Viad by 4.4% during the 2nd quarter. State Street Corp now owns 512,684 shares of the business services provider’s stock valued at $24,227,000 after acquiring an additional 21,649 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new position in shares of Viad during the 3rd quarter valued at about $520,000. 82.77% of the stock is owned by hedge funds and other institutional investors.
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Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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