UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 18,276 Shares of Vail Resorts, Inc. $MTN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,738 shares of the company’s stock after selling 18,276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vail Resorts were worth $12,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC increased its holdings in Vail Resorts by 21.5% in the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after acquiring an additional 75 shares during the last quarter. Comerica Bank lifted its holdings in Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after purchasing an additional 78 shares during the last quarter. State of Michigan Retirement System boosted its position in Vail Resorts by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock worth $1,104,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Vail Resorts by 32.9% in the fourth quarter. UMB Bank n.a. now owns 440 shares of the company’s stock worth $58,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Down 0.8%

MTN stock opened at $134.91 on Friday. The stock has a 50-day simple moving average of $146.03 and a two-hundred day simple moving average of $137.04. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $163.34. The firm has a market capitalization of $4.81 billion, a PE ratio of 30.66, a PEG ratio of 8.90 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $10.54 earnings per share. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. Barclays cut their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group began coverage on Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.