Ameriprise Financial Inc. trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 24.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,434 shares of the company’s stock after selling 41,916 shares during the period. Ameriprise Financial Inc. owned approximately 0.32% of Vail Resorts worth $29,527,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Vail Resorts by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after buying an additional 76,961 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Vail Resorts by 17.0% in the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after buying an additional 300,793 shares during the last quarter. State Street Corp boosted its stake in shares of Vail Resorts by 40.2% in the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after buying an additional 206,079 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Vail Resorts by 13.3% in the 2nd quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock worth $103,478,000 after buying an additional 59,849 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its stake in shares of Vail Resorts by 12.4% in the 2nd quarter. Fred Alger Management Inc. now owns 274,869 shares of the company’s stock worth $55,752,000 after buying an additional 30,326 shares during the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.
Shares of Vail Resorts, Inc. (NYSE MTN) traded up $2.57 during trading on Wednesday, reaching $223.43. The company had a trading volume of 381,900 shares, compared to its average volume of 325,048. Vail Resorts, Inc. has a one year low of $158.01 and a one year high of $237.77. The company has a market cap of $9,030.00, a PE ratio of 41.36 and a beta of 0.45. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 0.69.
A number of equities analysts have recently issued reports on MTN shares. KeyCorp restated an “overweight” rating and issued a $250.00 price target on shares of Vail Resorts in a research note on Wednesday, August 30th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Bank of America raised their target price on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $229.00 target price on shares of Vail Resorts in a report on Thursday, September 7th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $250.25.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the sale, the insider now directly owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Z. Barkin sold 7,953 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total value of $1,722,222.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is owned by insiders.
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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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