PNC Financial Services Group Inc. trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 82.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,319 shares of the company’s stock after selling 53,136 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vail Resorts were worth $3,106,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Vail Resorts by 56.0% in the second quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after purchasing an additional 181 shares in the last quarter. Keybank National Association OH raised its stake in Vail Resorts by 5.4% during the third quarter. Keybank National Association OH now owns 3,904 shares of the company’s stock worth $1,071,000 after acquiring an additional 200 shares in the last quarter. CIBC Asset Management Inc raised its stake in Vail Resorts by 14.1% during the third quarter. CIBC Asset Management Inc now owns 1,824 shares of the company’s stock worth $501,000 after acquiring an additional 225 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Vail Resorts by 144.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock worth $106,000 after acquiring an additional 228 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Vail Resorts by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 3,117 shares of the company’s stock worth $855,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.
Vail Resorts stock opened at $223.25 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.76. Vail Resorts, Inc. has a 52-week low of $200.68 and a 52-week high of $302.76. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 35.49 and a beta of 0.53.
Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, December 7th. The company reported ($2.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.22). Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company had revenue of $220.00 million for the quarter, compared to analyst estimates of $235.08 million. During the same quarter in the prior year, the company earned ($2.00) earnings per share. The business’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post 7.79 EPS for the current fiscal year.
Several research firms have issued reports on MTN. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered Vail Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. Macquarie upgraded Vail Resorts from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. They noted that the move was a valuation call. Finally, KeyCorp increased their price objective on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $293.11.
In other news, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the sale, the executive vice president now owns 34,641 shares in the company, valued at $9,112,661.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter A. Vaughn sold 400 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total value of $101,836.00. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
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Vail Resorts Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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