Vail Resorts, Inc. (MTN) Shares Sold by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 68.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,073 shares of the company’s stock after selling 22,143 shares during the period. BNP Paribas Arbitrage SA’s holdings in Vail Resorts were worth $2,043,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MTN. JPMorgan Chase & Co. boosted its stake 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 valued at $84,751,000 after buying an additional 126,977 shares during the last quarter. Morgan Stanley boosted its stake in shares of Vail Resorts by 127.4% in the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock valued at $20,884,000 after buying an additional 60,960 shares during the last quarter. Creative Planning boosted its stake in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock valued at $228,000 after buying an additional 354 shares during the last quarter. Capstone Asset Management Co. boosted its stake 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 valued at $1,419,000 after buying an additional 5,523 shares during the last quarter. Finally, Credit Suisse AG boosted its stake 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 valued at $22,532,000 after buying an additional 2,063 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE MTN) opened at 227.95 on Friday. Vail Resorts, Inc. has a 12 month low of $151.60 and a 12 month high of $228.16. The stock has a market capitalization of $9.14 billion, a PE ratio of 44.37 and a beta of 0.55. The stock’s 50 day moving average is $214.23 and its 200 day moving average is $200.69.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. The business had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.23 earnings per share. Analysts anticipate that Vail Resorts, Inc. will post $4.86 earnings per share for the current fiscal year.
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Several analysts have commented on MTN shares. Zacks Investment Research cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair started coverage on shares of Vail Resorts in a research note on Friday, July 21st. They issued an “outperform” rating on the stock. BidaskClub cut shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Janney Montgomery Scott boosted their price target 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, Stifel Nicolaus reiterated a “buy” rating and issued a $229.00 price target (up previously from $205.00) on shares of Vail Resorts in a research note on Sunday, June 11th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Vail Resorts has a consensus rating of “Buy” and a consensus target price of $219.44.
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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