Granite Investment Partners LLC held its stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,100 shares of the company’s stock at the end of the second quarter. Granite Investment Partners LLC’s holdings in Vail Resorts were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MTN. Diamond Hill Capital Management Inc. raised its stake in shares of Vail Resorts by 1.1% in the first quarter. Diamond Hill Capital Management Inc. now owns 371,126 shares of the company’s stock worth $71,219,000 after buying an additional 4,181 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Vail Resorts by 3.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 48,257 shares of the company’s stock worth $9,261,000 after buying an additional 1,578 shares in the last quarter. Syntal Capital Partners LLC raised its stake in shares of Vail Resorts by 61.5% in the first quarter. Syntal Capital Partners LLC now owns 3,481 shares of the company’s stock worth $671,000 after buying an additional 1,326 shares in the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of Vail Resorts by 14.8% in the first quarter. Cookson Peirce & Co. Inc. now owns 22,945 shares of the company’s stock worth $4,403,000 after buying an additional 2,960 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Vail Resorts by 58.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,900 shares of the company’s stock worth $1,516,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.

Shares of Vail Resorts, Inc. (MTN) opened at 218.61 on Tuesday. Vail Resorts, Inc. has a 52-week low of $151.60 and a 52-week high of $219.04. The company’s 50 day moving average price is $207.84 and its 200 day moving average price is $196.64. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 42.55 and a beta of 0.55.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $794.60 million during the quarter, compared to the consensus estimate of $802.59 million. During the same period last year, the company earned $4.23 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts predict that Vail Resorts, Inc. will post $4.86 EPS for the current year.

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A number of brokerages have recently weighed in on MTN. Bank of America Corporation reiterated a “buy” rating and issued a $228.00 price objective (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. BidaskClub upgraded Vail Resorts from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. William Blair began coverage on Vail Resorts in a research report on Friday, July 21st. They issued an “outperform” rating on the stock. Janney Montgomery Scott lifted their price objective on Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $233.00 price objective (up from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average 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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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