Vail Resorts (NYSE:MTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “Vail Resorts, Inc. is one of the leading resort operators in North America. The company’s operations are grouped into two segments, Resort and Real Estate. In the company’s Resort segment, they own and operate resort properties which provide a comprehensive resort experience throughout the year to a diverse clientele with an attractive demographic profile. The company’s Real Estate segment develops, buys and sells real estate in and around the their resort communities. “

Several other analysts have also recently weighed in on the company. KeyCorp reissued an “overweight” rating and set a $250.00 price target on shares of Vail Resorts in a report on Wednesday, August 30th. Bank of America lifted their price target on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus reissued a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a report on Thursday, September 7th. Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Finally, Barclays lifted their price target on Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $250.63.

Shares of Vail Resorts (MTN) traded down $0.87 during midday trading on Monday, hitting $224.62. The stock had a trading volume of 521,983 shares, compared to its average volume of 331,231. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41. Vail Resorts has a one year low of $159.65 and a one year high of $237.77. The company has a market cap of $9,023.88, a P/E ratio of 44.74 and a beta of 0.45.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($0.10). The business had revenue of $220.90 million for the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The business’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.70) earnings per share. equities analysts predict that Vail Resorts will post 6.2 EPS for the current fiscal year.

In other Vail Resorts news, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the completion of the transaction, the chairman now directly owns 496,166 shares of the company’s stock, valued at approximately $109,325,216.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Z. Barkin sold 7,953 shares of Vail Resorts stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Eagle Asset Management raised its holdings in Vail Resorts by 83.4% in the 3rd quarter. Eagle Asset Management now owns 858,752 shares of the company’s stock valued at $89,894,000 after acquiring an additional 390,460 shares in the last quarter. TrimTabs Asset Management bought a new position in shares of Vail Resorts in the 3rd quarter valued at $2,178,000. CIBC World Markets bought a new position in shares of Vail Resorts in the 4th quarter valued at $1,459,000. Saddle Road Partners bought a new position in shares of Vail Resorts in the 4th quarter valued at $2,400,000. Finally, Russell Frank Co increased its stake in shares of Vail Resorts by 18.8% in the 4th quarter. Russell Frank Co now owns 41,726 shares of the company’s stock valued at $5,434,000 after purchasing an additional 6,592 shares during the last quarter. 94.52% of the stock is owned by hedge funds and other institutional investors.

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Vail Resorts Company Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

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