GRATRY & Co LLC reduced its position in Vail Resorts Inc. (NYSE:MTN) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 4,299 shares of the company’s stock after selling 151 shares during the period. GRATRY & Co LLC’s holdings in Vail Resorts were worth $674,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in MTN. Prudential Financial Inc. increased its position in shares of Vail Resorts by 59.2% in the first quarter. Prudential Financial Inc. now owns 4,290 shares of the company’s stock worth $573,000 after buying an additional 1,595 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Vail Resorts by 2.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 25,581 shares of the company’s stock worth $3,420,000 after buying an additional 542 shares in the last quarter. LPL Financial LLC bought a new position in shares of Vail Resorts during the first quarter worth $1,847,000. Seven Eight Capital LLC increased its position in shares of Vail Resorts by 30.8% in the first quarter. Seven Eight Capital LLC now owns 1,700 shares of the company’s stock worth $227,000 after buying an additional 400 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Vail Resorts by 5,702.7% in the first quarter. Royal Bank of Canada now owns 145,010 shares of the company’s stock worth $19,388,000 after buying an additional 142,511 shares in the last quarter.
Vail Resorts Inc. (NYSE:MTN) opened at 166.01 on Monday. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 41.40 and a beta of 0.48. The firm has a 50-day moving average of $156.99 and a 200-day moving average of $148.59. Vail Resorts Inc. has a 52 week low of $114.87 and a 52 week high of $166.03.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. The business earned $179.88 million during the quarter. Vail Resorts had a net margin of 9.35% and a return on equity of 17.22%. Vail Resorts’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.92) EPS. Equities analysts forecast that Vail Resorts Inc. will post $5.25 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Janney Montgomery Scott reiterated a “buy” rating and set a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research report on Wednesday, August 10th. KeyCorp lifted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 23rd. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, MKM Partners set a $180.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $155.09.
In related news, insider Patricia A. Campbell sold 4,822 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $153.93, for a total value of $742,250.46. Following the completion of the transaction, the insider now owns 16,593 shares in the company, valued at approximately $2,554,160.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John F. Sorte sold 4,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total transaction of $731,046.72. Following the completion of the transaction, the director now owns 63,147 shares of the company’s stock, valued at approximately $9,847,143.18. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.