VELA Investment Management LLC Decreases Stake in Vail Resorts, Inc. (NYSE:MTN)

VELA Investment Management LLC lessened its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 27.1% during the 2nd quarter, Holdings Channel reports. The firm owned 9,155 shares of the company’s stock after selling 3,398 shares during the quarter. VELA Investment Management LLC’s holdings in Vail Resorts were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of MTN. Norges Bank acquired a new position in shares of Vail Resorts in the 4th quarter valued at $85,704,000. First Pacific Advisors LP acquired a new position in shares of Vail Resorts in the second quarter valued at about $62,466,000. APG Asset Management US Inc. acquired a new position in shares of Vail Resorts in the fourth quarter valued at about $37,684,000. AMF Tjanstepension AB acquired a new stake in shares of Vail Resorts during the first quarter worth about $14,669,000. Finally, Junto Capital Management LP acquired a new stake in shares of Vail Resorts during the fourth quarter worth about $14,011,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 575 shares of Vail Resorts stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $176.20 per share, with a total value of $101,315.00. Following the purchase, the chief financial officer now directly owns 1,171 shares in the company, valued at approximately $206,330.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Down 1.1 %

MTN opened at $185.10 on Friday. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $254.78. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The company has a fifty day moving average of $177.73 and a two-hundred day moving average of $196.95. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.15 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. On average, research analysts expect that Vail Resorts, Inc. will post 6.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MTN shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Barclays lowered their price target on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Finally, Morgan Stanley reduced their price objective on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $221.50.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.