Alliancebernstein L.P. decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 643,286 shares of the company’s stock after selling 86,484 shares during the period. Alliancebernstein L.P. owned 1.61% of Vail Resorts worth $130,478,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MTN. Capstone Asset Management Co. increased its position in Vail Resorts by 18.2% during the first quarter. Capstone Asset Management Co. now owns 1,471 shares of the company’s stock worth $282,000 after buying an additional 227 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Vail Resorts by 58.0% during the first quarter. Canada Pension Plan Investment Board now owns 7,900 shares of the company’s stock worth $1,516,000 after buying an additional 2,900 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Vail Resorts by 3.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 48,257 shares of the company’s stock worth $9,261,000 after buying an additional 1,578 shares in the last quarter. Bank of New York Mellon Corp increased its position in Vail Resorts by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 230,614 shares of the company’s stock worth $44,254,000 after buying an additional 5,711 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Vail Resorts by 19.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,451 shares of the company’s stock worth $278,000 after buying an additional 238 shares in the last quarter. 96.80% of the stock is owned by institutional investors.
Shares of Vail Resorts, Inc. (MTN) opened at 227.73 on Friday. The stock has a 50 day moving average price of $217.67 and a 200-day moving average price of $202.40. The stock has a market cap of $9.13 billion, a P/E ratio of 44.32 and a beta of 0.53. Vail Resorts, Inc. has a 12 month low of $151.60 and a 12 month high of $230.00.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by $0.46. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The firm had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. During the same period last year, the firm earned $4.23 earnings per share. Vail Resorts’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts forecast that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.
Several equities analysts have weighed in on MTN shares. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. William Blair started coverage on Vail Resorts in a research report on Friday, July 21st. They set an “outperform” rating for the company. BidaskClub downgraded Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Janney Montgomery Scott raised their price target on Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $219.44.
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Vail Resorts 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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