Cidel Asset Management Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 16,888 shares of the company’s stock after selling 122 shares during the period. Cidel Asset Management Inc.’s holdings in Vail Resorts were worth $3,425,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of 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 in the last quarter. Morgan Stanley increased its position in shares of Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock worth $20,884,000 after buying an additional 60,960 shares in the last quarter. Creative Planning increased its position in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock worth $228,000 after buying an additional 354 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Vail Resorts by 375.5% in the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock worth $1,419,000 after buying an additional 5,523 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of Vail Resorts by 1.8% in the first quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock worth $22,532,000 after buying an additional 2,063 shares in the last quarter. Institutional investors own 97.77% of the company’s stock.
Vail Resorts, Inc. (NYSE MTN) opened at 219.55 on Friday. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $222.08. The company has a market cap of $8.80 billion, a P/E ratio of 42.73 and a beta of 0.55. The firm has a 50-day moving average price of $208.93 and a 200-day moving average price of $197.32.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the firm earned $4.23 earnings per share. On average, equities research analysts forecast that Vail Resorts, Inc. will post $4.86 earnings per share for the current fiscal year.
MTN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a report on Tuesday, May 16th. William Blair initiated coverage on Vail Resorts in a 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 report on Friday, June 30th. Janney Montgomery Scott upped their target price on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $229.00 target price (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Vail Resorts presently has a consensus rating of “Buy” and an average price target of $211.11.
Vail Resorts Company 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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