Vail Resorts, Inc. (Mtn) Shares Sold by Victory Capital Management Inc.

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Victory Capital Management Inc. lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 463,731 shares of the company’s stock after selling 2,280 shares during the period. Victory Capital Management Inc. owned about 1.16% of Vail Resorts worth $88,990,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTN. OMERS ADMINISTRATION Corp bought a new stake in Vail Resorts during the third quarter worth about $329,000. GRS Advisors LLC bought a new stake in Vail Resorts during the third quarter worth about $14,216,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Vail Resorts by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,122 shares of the company’s stock worth $176,000 after buying an additional 132 shares in the last quarter. Latimer Light Capital L.P. bought a new stake in Vail Resorts during the third quarter worth about $13,802,000. Finally, Zacks Investment Management increased its stake in Vail Resorts by 1.7% in the third quarter. Zacks Investment Management now owns 39,367 shares of the company’s stock worth $6,176,000 after buying an additional 664 shares in the last quarter. 93.34% of the stock is owned by institutional investors.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

Shares of Vail Resorts, Inc. (NYSE:MTN) traded up 0.78% during trading on Tuesday, reaching $205.93. 353,135 shares of the company were exchanged. The stock’s 50 day moving average is $196.44 and its 200 day moving average is $177.62. Vail Resorts, Inc. has a 1-year low of $128.55 and a 1-year high of $206.73. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 44.26 and a beta of 0.47.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, March 10th. The company reported $3.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.45 by $0.18. Vail Resorts had a net margin of 9.14% and a return on equity of 13.81%. The business had revenue of $725.20 million during the quarter, compared to analyst estimates of $708.73 million. During the same quarter last year, the business earned $3.14 earnings per share. Vail Resorts’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post $5.35 earnings per share for the current year.

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A number of research firms have recently issued reports on MTN. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a report on Tuesday, May 16th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $207.50 price objective on shares of Vail Resorts in a report on Monday, March 20th. Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $181.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, March 13th. Finally, Janney Montgomery Scott lifted their price objective on shares of Vail Resorts from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, March 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Vail Resorts has an average rating of “Buy” and a consensus price target of $193.31.

In other Vail Resorts news, Director John F. Sorte sold 6,082 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $186.98, for a total transaction of $1,137,212.36. Following the completion of the transaction, the director now owns 56,362 shares in the company, valued at $10,538,566.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.60% of the stock is owned by company insiders.

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.

12 Month Chart for NYSE:MTN

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