Vail Resorts, Inc. (MTN) Shares Sold by Scout Investments Inc.
Scout Investments Inc. reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 33.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,128 shares of the company’s stock after selling 38,517 shares during the period. Scout Investments Inc. owned about 0.19% of Vail Resorts worth $15,441,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of MTN. Strs Ohio purchased a new stake in shares of Vail Resorts during the second quarter worth approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Vail Resorts during the second quarter worth approximately $117,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vail Resorts during the second quarter worth approximately $162,000. Vident Investment Advisory LLC purchased a new stake in shares of Vail Resorts during the first quarter worth approximately $211,000. Finally, LS Investment Advisors LLC purchased a new stake in shares of Vail Resorts during the second quarter worth approximately $219,000. 96.80% of the stock is owned by institutional investors and hedge funds.
Shares of Vail Resorts, Inc. (MTN) opened at 227.95 on Friday. The firm’s 50-day moving average price is $214.23 and its 200-day moving average price is $200.69. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 44.37 and a beta of 0.55. Vail Resorts, Inc. has a one year low of $151.60 and a one year high of $228.16.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Zacks’ 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 business 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 business posted $4.23 EPS. Vail Resorts’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts anticipate that Vail Resorts, Inc. will post $4.86 earnings per share for the current year.
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A number of analysts recently commented on the company. BidaskClub lowered Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Bank of America Corporation reaffirmed a “buy” rating and issued a $228.00 target price (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $229.00 target price (up from $205.00) on shares of Vail Resorts in a research report on Sunday, June 11th. William Blair began coverage on Vail Resorts in a research report on Friday, July 21st. They issued an “outperform” rating for the company. Finally, Janney Montgomery Scott boosted their price objective on Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, June 12th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average 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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