Viad (NYSE:VVI) Shares Pass Above Two Hundred Day Moving Average of $33.09

Viad Corp (NYSE:VVIGet Rating)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.09 and traded as high as $36.64. Viad shares last traded at $36.13, with a volume of 58,056 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VVI shares. Oppenheimer started coverage on shares of Viad in a research note on Monday, June 13th. They issued an “outperform” rating and a $42.00 price objective for the company. StockNews.com cut shares of Viad from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Viad has a consensus rating of “Hold” and a consensus price target of $45.00.

Viad Trading Down 6.9 %

The stock has a market capitalization of $686.68 million, a price-to-earnings ratio of -20.06, a PEG ratio of 2.54 and a beta of 1.73. The company’s 50 day moving average is $36.71 and its 200 day moving average is $33.14. The company has a debt-to-equity ratio of 6.23, a quick ratio of 0.97 and a current ratio of 1.02.

Hedge Funds Weigh In On Viad

Several large investors have recently bought and sold shares of VVI. Pinebridge Investments L.P. increased its holdings in Viad by 347.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 895 shares of the business services provider’s stock valued at $25,000 after buying an additional 695 shares during the period. Captrust Financial Advisors increased its holdings in Viad by 211.5% in the 1st quarter. Captrust Financial Advisors now owns 894 shares of the business services provider’s stock valued at $32,000 after buying an additional 607 shares during the period. KBC Group NV bought a new stake in Viad in the 2nd quarter valued at $48,000. Covestor Ltd bought a new stake in Viad in the 1st quarter valued at $61,000. Finally, Mutual of America Capital Management LLC increased its holdings in Viad by 16.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,459 shares of the business services provider’s stock valued at $96,000 after buying an additional 501 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

About Viad

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Viad Corp operates as an experiential leisure travel, and live events 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, lodges, and sightseeing tours.

Further Reading

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