Public Employees Retirement Association of Colorado lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,154 shares of the company’s stock after selling 2,557 shares during the period. Public Employees Retirement Association of Colorado owned about 0.20% of Vail Resorts worth $18,112,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Vail Resorts by 11.4% in the first quarter. Nordea Investment Management AB now owns 41,641 shares of the company’s stock worth $9,048,000 after acquiring an additional 4,269 shares during the period. CENTRAL TRUST Co lifted its position in Vail Resorts by 23,537.5% during the second quarter. CENTRAL TRUST Co now owns 3,782 shares of the company’s stock valued at $862,000 after purchasing an additional 3,766 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Vail Resorts during the first quarter valued at $9,380,000. Sit Investment Associates Inc. lifted its position in Vail Resorts by 39.6% during the first quarter. Sit Investment Associates Inc. now owns 19,150 shares of the company’s stock valued at $4,161,000 after purchasing an additional 5,430 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Vail Resorts by 26.9% during the first quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock valued at $190,276,000 after purchasing an additional 185,758 shares in the last quarter. 97.57% of the stock is owned by institutional investors.
In other news, insider Patricia A. Campbell sold 6,431 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $235.53, for a total value of $1,514,693.43. Following the transaction, the insider now directly owns 33,729 shares in the company, valued at $7,944,191.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert A. Katz sold 64,913 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the completion of the transaction, the chairman now owns 425,729 shares in the company, valued at $98,747,841.55. The disclosure for this sale can be found here. 2.90% of the stock is owned by insiders.
Several equities analysts recently weighed in on MTN shares. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating and set a $182.00 target price on the stock. in a research report on Monday, May 27th. Deutsche Bank set a $261.00 target price on Vail Resorts and gave the company a “buy” rating in a research report on Friday, June 7th. SunTrust Banks lifted their target price on Vail Resorts to $247.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Stifel Nicolaus lifted their target price on Vail Resorts from $219.00 to $230.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Finally, Wells Fargo & Co started coverage on Vail Resorts in a research report on Monday, July 15th. They set a “market perform” rating and a $230.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $237.18.
Shares of Vail Resorts stock traded down $2.66 during trading hours on Wednesday, hitting $236.59. The company’s stock had a trading volume of 1,841 shares, compared to its average volume of 398,723. The stock has a 50 day moving average price of $233.30. Vail Resorts, Inc. has a 12-month low of $179.60 and a 12-month high of $302.76. The firm has a market cap of $9.61 billion, a P/E ratio of 37.60, a PEG ratio of 2.00 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 6th. The company reported $7.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $7.03 by $0.09. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. The business had revenue of $958.00 million for the quarter, compared to the consensus estimate of $958.39 million. During the same period in the previous year, the business earned $6.17 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. As a group, analysts predict that Vail Resorts, Inc. will post 6.99 EPS for the current year.
About Vail Resorts
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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