Bank of New York Mellon Corp decreased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,860 shares of the company’s stock after selling 2,830 shares during the period. Bank of New York Mellon Corp’s holdings in Vail Resorts were worth $73,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MTN. Synovus Financial Corp purchased a new position in shares of Vail Resorts during the first quarter valued at $133,000. Hirtle Callaghan & Co LLC purchased a new position in shares of Vail Resorts during the second quarter valued at $192,000. Silvercrest Asset Management Group LLC purchased a new position in shares of Vail Resorts during the first quarter valued at $204,000. Element Capital Management LLC purchased a new position in shares of Vail Resorts during the first quarter valued at $204,000. Finally, Foundry Partners LLC purchased a new position in shares of Vail Resorts during the second quarter valued at $215,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.

MTN opened at $296.78 on Wednesday. Vail Resorts, Inc. has a 1 year low of $200.68 and a 1 year high of $299.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 1.04. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 56.85 and a beta of 0.35.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 7th. The company reported $6.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The company had revenue of $844.50 million for the quarter, compared to analyst estimates of $823.83 million. During the same quarter in the previous year, the firm earned $4.40 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. sell-side analysts predict that Vail Resorts, Inc. will post 9.01 EPS for the current fiscal year.

Several equities analysts have recently commented on the company. Berenberg Bank assumed coverage on Vail Resorts in a research note on Wednesday, June 20th. They set a “hold” rating and a $300.00 price target on the stock. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $295.00 target price (up previously from $232.00) on shares of Vail Resorts in a research note on Monday, June 11th. They noted that the move was a valuation call. Barclays lifted their target price on Vail Resorts from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, June 11th. Finally, Deutsche Bank set a $297.00 target price on Vail Resorts and gave the company a “buy” rating in a research note on Friday, June 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $287.56.

In other Vail Resorts news, insider Patricia A. Campbell sold 8,821 shares of Vail Resorts stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $277.06, for a total value of $2,443,946.26. Following the transaction, the insider now owns 19,431 shares in the company, valued at $5,383,552.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert A. Katz sold 45,200 shares of Vail Resorts stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $272.61, for a total value of $12,321,972.00. Following the completion of the transaction, the insider now owns 556,964 shares in the company, valued at approximately $151,833,956.04. The disclosure for this sale can be found here. Insiders sold 58,189 shares of company stock worth $15,912,143 in the last quarter. 3.30% of the stock is owned by insiders.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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

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