Princeton Global Asset Management LLC Boosts Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Princeton Global Asset Management LLC grew its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 13.9% in the third quarter, Holdings Channel reports. The fund owned 4,708 shares of the company’s stock after buying an additional 573 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Vail Resorts were worth $1,076,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Vail Resorts by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,705,790 shares of the company’s stock worth $827,059,000 after purchasing an additional 30,706 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Vail Resorts by 24.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,091,519 shares of the company’s stock worth $243,606,000 after acquiring an additional 215,880 shares in the last quarter. State Street Corp lifted its stake in Vail Resorts by 9.0% during the third quarter. State Street Corp now owns 949,936 shares of the company’s stock worth $216,167,000 after purchasing an additional 78,042 shares during the last quarter. Victory Capital Management Inc. lifted its position in Vail Resorts by 10.7% in the second quarter. Victory Capital Management Inc. now owns 388,553 shares of the company’s stock valued at $86,717,000 after acquiring an additional 37,610 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Vail Resorts by 0.7% in the second quarter. Putnam Investments LLC now owns 340,015 shares of the company’s stock valued at $75,885,000 after acquiring an additional 2,401 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.

In other news, Director Peter A. Vaughn sold 500 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $224.09, for a total value of $112,045.00. Following the transaction, the director now directly owns 8,615 shares of the company’s stock, valued at $1,930,535.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Kirsten A. Lynch sold 5,834 shares of Vail Resorts stock in a transaction on Monday, September 30th. The shares were sold at an average price of $228.62, for a total value of $1,333,769.08. Following the sale, the chief marketing officer now directly owns 17,060 shares of the company’s stock, valued at approximately $3,900,257.20. The disclosure for this sale can be found here. Insiders sold 13,641 shares of company stock valued at $3,120,591 in the last ninety days. Company insiders own 2.40% of the company’s stock.

Several brokerages have issued reports on MTN. Barclays raised their price objective on Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Bank of America boosted their target price on Vail Resorts from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Co boosted their target price on Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a report on Wednesday, September 25th. They noted that the move was a valuation call. Deutsche Bank set a $281.00 target price on Vail Resorts and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, SunTrust Banks lifted their target price on shares of Vail Resorts from $247.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $247.26.

Vail Resorts stock traded down $3.70 during mid-day trading on Tuesday, reaching $237.18. The company had a trading volume of 294,783 shares, compared to its average volume of 347,712. Vail Resorts, Inc. has a 1 year low of $179.60 and a 1 year high of $278.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.73 and a quick ratio of 0.60. The company has a market capitalization of $9.51 billion, a P/E ratio of 31.43, a P/E/G ratio of 2.04 and a beta of 0.71. The stock’s 50-day simple moving average is $237.03 and its 200-day simple moving average is $232.94.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($2.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.58) by $0.36. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The firm had revenue of $244.01 million during the quarter, compared to analyst estimates of $239.91 million. During the same period in the prior year, the firm posted ($2.07) earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.94 EPS for the current fiscal 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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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