First Trust Advisors LP Reduces Stake in Vail Resorts, Inc. (NYSE:MTN)

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First Trust Advisors LP reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 13.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,958 shares of the company’s stock after selling 449 shares during the period. First Trust Advisors LP’s holdings in Vail Resorts were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MTN. Kornitzer Capital Management Inc. KS lifted its stake in Vail Resorts by 8.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 131,287 shares of the company’s stock valued at $29,876,000 after purchasing an additional 10,261 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Vail Resorts by 35.4% in the third quarter. IFM Investors Pty Ltd now owns 4,210 shares of the company’s stock valued at $958,000 after buying an additional 1,101 shares during the period. Malaga Cove Capital LLC raised its stake in shares of Vail Resorts by 22.3% in the third quarter. Malaga Cove Capital LLC now owns 5,595 shares of the company’s stock valued at $1,273,000 after buying an additional 1,022 shares during the period. BB&T Corp lifted its position in shares of Vail Resorts by 1.9% during the 3rd quarter. BB&T Corp now owns 4,210 shares of the company’s stock valued at $958,000 after buying an additional 79 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Vail Resorts by 12.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,021 shares of the company’s stock valued at $2,508,000 after buying an additional 1,237 shares during the last quarter. 95.82% of the stock is owned by hedge funds and other institutional investors.

MTN has been the subject of several recent research reports. SunTrust Banks lifted their price objective on Vail Resorts from $247.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. They noted that the move was a valuation call. KeyCorp upped their price objective on shares of Vail Resorts from $255.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Barclays increased their target price on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Deutsche Bank set a $281.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Co boosted their price target on shares of Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $247.26.

Shares of NYSE MTN opened at $237.18 on Wednesday. Vail Resorts, Inc. has a 52 week low of $179.60 and a 52 week high of $278.37. The business has a 50-day simple moving average of $237.25 and a two-hundred day simple moving average of $233.03. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 0.88. The company has a market cap of $9.51 billion, a P/E ratio of 31.41, a P/E/G ratio of 2.04 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share 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 for the quarter, compared to analysts’ expectations of $239.91 million. During the same period in the prior year, the business posted ($2.07) earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.94 EPS for the current year.

In related news, CAO Ryan H. Siurek sold 898 shares of Vail Resorts stock in a transaction on Monday, September 30th. The stock was sold at an average price of $235.83, for a total transaction of $211,775.34. Following the completion of the sale, the chief accounting officer now owns 1,069 shares of the company’s stock, valued at $252,102.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Vaughn sold 500 shares of Vail Resorts stock in a transaction 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 sale, the director now directly owns 8,615 shares of the company’s stock, valued at approximately $1,930,535.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,641 shares of company stock valued at $3,120,591. 2.40% of the stock is owned by corporate insiders.

Vail Resorts Company 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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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