Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases Shares of 12,595 Vail Resorts, Inc. (MTN)
Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,595 shares of the company’s stock, valued at approximately $2,555,000.
Several other hedge funds have also recently added to or reduced their stakes in MTN. Strs Ohio purchased a new stake in Vail Resorts during the second quarter worth $105,000. SG Americas Securities LLC purchased a new stake in Vail Resorts during the second quarter worth $117,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Vail Resorts during the second quarter worth $162,000. Vident Investment Advisory LLC purchased a new stake in Vail Resorts during the first quarter worth $211,000. Finally, LS Investment Advisors LLC purchased a new stake in Vail Resorts during the second quarter worth $219,000. Institutional investors and hedge funds own 96.80% of the company’s stock.
Shares of Vail Resorts, Inc. (MTN) opened at 228.39 on Friday. The company has a 50-day moving average of $214.90 and a 200-day moving average of $201.05. Vail Resorts, Inc. has a 1-year low of $151.60 and a 1-year high of $230.00. The firm has a market capitalization of $9.15 billion, a PE ratio of 44.45 and a beta of 0.53.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 8th. The company reported $4.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. The company had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 earnings per share. Equities research analysts predict that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.
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A number of research firms have recently weighed in on MTN. BidaskClub cut shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Bank of America Corporation restated a “buy” rating and issued a $228.00 price target (up from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. Stifel Nicolaus restated a “buy” rating and issued a $229.00 price target (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. William Blair began coverage on shares of Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating on the stock. Finally, Janney Montgomery Scott raised their price target on shares of Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $219.44.
About Vail Resorts
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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