First Republic Investment Management Inc. lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 31.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,022 shares of the company’s stock after selling 917 shares during the quarter. First Republic Investment Management Inc.’s holdings in Vail Resorts were worth $451,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Institute for Wealth Management LLC. grew its holdings in Vail Resorts by 1.3% in the 2nd quarter. Institute for Wealth Management LLC. now owns 5,292 shares of the company’s stock valued at $1,181,000 after buying an additional 69 shares during the period. NEXT Financial Group Inc raised its position in shares of Vail Resorts by 24.7% in the 2nd quarter. NEXT Financial Group Inc now owns 384 shares of the company’s stock valued at $87,000 after purchasing an additional 76 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Vail Resorts by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,786 shares of the company’s stock valued at $398,000 after purchasing an additional 102 shares in the last quarter. Resources Investment Advisors Inc. raised its position in shares of Vail Resorts by 0.8% in the 1st quarter. Resources Investment Advisors Inc. now owns 15,992 shares of the company’s stock valued at $3,475,000 after purchasing an additional 122 shares in the last quarter. Finally, Doliver Advisors LP raised its position in shares of Vail Resorts by 7.6% in the 2nd quarter. Doliver Advisors LP now owns 1,768 shares of the company’s stock valued at $395,000 after purchasing an additional 125 shares in the last quarter. 95.25% of the stock is currently owned by institutional investors.
Shares of NYSE MTN traded down $0.83 during mid-day trading on Friday, hitting $238.51. 216,971 shares of the company traded hands, compared to its average volume of 373,983. The business has a 50 day moving average of $239.97 and a two-hundred day moving average of $225.32. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.99 and a beta of 0.68. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 0.69. Vail Resorts, Inc. has a 1 year low of $179.60 and a 1 year high of $295.01.
Several research firms recently issued reports on MTN. William Blair reissued an “outperform” rating on shares of Vail Resorts in a research report on Friday, June 7th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating and set a $182.00 price target for the company. in a research note on Monday, May 27th. Wells Fargo & Co assumed coverage on Vail Resorts in a research note on Monday, July 15th. They issued a “market perform” rating and a $230.00 price target for the company. SunTrust Banks increased their price target on Vail Resorts to $247.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Finally, ValuEngine cut Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $237.18.
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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