Elk Creek Partners LLC lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,011 shares of the company’s stock after selling 3,733 shares during the quarter. Elk Creek Partners LLC owned approximately 0.10% of Vail Resorts worth $7,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Vail Resorts by 40.4% during 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. Morgan Stanley grew its position in shares of Vail Resorts by 127.4% during the first quarter. Morgan Stanley now owns 108,825 shares of the company’s stock worth $20,884,000 after buying an additional 60,960 shares in the last quarter. Capstone Asset Management Co. grew its position in shares of Vail Resorts by 375.5% during the second quarter. Capstone Asset Management Co. now owns 6,994 shares of the company’s stock worth $1,419,000 after buying an additional 5,523 shares in the last quarter. Credit Suisse AG grew its position in shares of Vail Resorts by 1.8% during the first quarter. Credit Suisse AG now owns 117,415 shares of the company’s stock worth $22,532,000 after buying an additional 2,063 shares in the last quarter. Finally, Covington Capital Management grew its position in shares of Vail Resorts by 10.9% during the first quarter. Covington Capital Management now owns 5,598 shares of the company’s stock worth $1,074,000 after buying an additional 550 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Shares of Vail Resorts, Inc. (MTN) traded down 0.65% during trading on Friday, reaching $227.04. The company had a trading volume of 306,902 shares. The stock has a 50 day moving average price of $220.36 and a 200 day moving average price of $204.09. Vail Resorts, Inc. has a 12 month low of $151.60 and a 12 month high of $232.38. The firm has a market capitalization of $9.10 billion, a PE ratio of 44.19 and a beta of 0.53.

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A number of research firms have recently weighed in on MTN. KeyCorp reissued an “overweight” rating and set a $250.00 price target on shares of Vail Resorts in a research report on Wednesday, August 30th. Wells Fargo & Company reissued an “outperform” rating and set a $233.00 price target (up previously from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a research report on Sunday, June 11th. Bank of America Corporation reissued a “buy” rating and set a $228.00 price target (up previously from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $229.00 price target on shares of Vail Resorts in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts has a consensus rating of “Buy” and a consensus price target of $227.75.

Vail Resorts 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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