Prudential Financial Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 69.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,040 shares of the company’s stock after selling 4,610 shares during the period. Prudential Financial Inc.’s holdings in Vail Resorts were worth $391,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock worth $84,751,000 after buying an additional 126,977 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Vail Resorts by 799.8% in the first quarter. Baird Financial Group Inc. now owns 138,494 shares of the company’s stock worth $26,577,000 after buying an additional 123,103 shares during the last quarter. Scout Investments Inc. boosted its stake in Vail Resorts by 32.0% in the first quarter. Scout Investments Inc. now owns 153,410 shares of the company’s stock worth $20,511,000 after buying an additional 37,233 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in Vail Resorts during the first quarter worth $7,100,000. Finally, Quadrature Capital Ltd bought a new stake in Vail Resorts during the fourth quarter worth $2,841,000. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up 1.90% during trading on Wednesday, hitting $221.55. 274,002 shares of the stock traded hands. The company has a 50 day moving average price of $208.08 and a 200 day moving average price of $196.98. Vail Resorts, Inc. has a 12 month low of $151.60 and a 12 month high of $221.93. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 43.12 and a beta of 0.55.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The business had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. During the same quarter in the previous year, the company earned $4.23 earnings per share. The firm’s revenue was up 22.7% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post $4.86 earnings per share for the current fiscal year.
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Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $233.00 price objective (up previously from $207.50) on shares of Vail Resorts in a research note on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and issued a $226.00 price objective on shares of Vail Resorts in a research note on Sunday, June 11th. Janney Montgomery Scott boosted their price objective on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, BidaskClub raised shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $211.11.
About Vail Resorts
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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