Canada Pension Plan Investment Board lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,500 shares of the company’s stock after selling 400 shares during the period. Canada Pension Plan Investment Board’s holdings in Vail Resorts were worth $1,521,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MTN. Vanguard Group Inc. boosted its position in Vail Resorts by 12.4% in the first quarter. Vanguard Group Inc. now owns 3,049,283 shares of the company’s stock worth $585,157,000 after buying an additional 337,282 shares during the period. FMR LLC increased its stake in Vail Resorts by 0.6% in the first quarter. FMR LLC now owns 2,535,906 shares of the company’s stock worth $486,640,000 after buying an additional 15,495 shares in the last quarter. BlackRock Inc. increased its stake in Vail Resorts by 2,861.3% in the first quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock worth $339,173,000 after buying an additional 1,707,766 shares in the last quarter. William Blair Investment Management LLC increased its stake in Vail Resorts by 76.8% in the first quarter. William Blair Investment Management LLC now owns 1,312,463 shares of the company’s stock worth $251,862,000 after buying an additional 570,087 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Vail Resorts by 40.4% in the first quarter. JPMorgan Chase & Co. now owns 441,645 shares of the company’s stock worth $84,751,000 after buying an additional 126,977 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts, Inc. (NYSE:MTN) opened at 221.73 on Monday. Vail Resorts, Inc. has a 1-year low of $151.60 and a 1-year high of $223.43. The company has a 50-day moving average price of $212.12 and a 200-day moving average price of $199.40. The firm has a market cap of $8.89 billion, a P/E ratio of 43.15 and a beta of 0.55.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The company had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. During the same period in the prior year, the firm posted $4.23 EPS. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. On average, equities research analysts forecast that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. Bank of America Corporation reissued a “buy” rating and set a $228.00 target price (up previously from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. Wells Fargo & Company reissued an “outperform” rating and set a $233.00 target price (up previously from $207.50) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and set a $226.00 target price on shares of Vail Resorts in a report on Sunday, June 11th. Stifel Nicolaus reissued a “buy” rating and set a $229.00 target price (up previously from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. Finally, Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $215.63.

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.

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

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