Pitcairn Co. Has $832,000 Position in Vail Resorts, Inc. (NYSE:MTN)
Pitcairn Co. lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,103 shares of the company’s stock after selling 313 shares during the period. Pitcairn Co.’s holdings in Vail Resorts were worth $832,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Syntal Capital Partners LLC raised its stake in Vail Resorts by 61.5% in the first quarter. Syntal Capital Partners LLC now owns 3,481 shares of the company’s stock valued at $671,000 after buying an additional 1,326 shares in the last quarter. Cookson Peirce & Co. Inc. increased its position in Vail Resorts by 14.8% in the first quarter. Cookson Peirce & Co. Inc. now owns 22,945 shares of the company’s stock valued at $4,403,000 after buying an additional 2,960 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Vail Resorts by 58.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,900 shares of the company’s stock valued at $1,516,000 after buying an additional 2,900 shares during the last quarter. Breton Hill Capital Ltd. increased its position in Vail Resorts by 286.9% in the first quarter. Breton Hill Capital Ltd. now owns 6,306 shares of the company’s stock valued at $1,210,000 after buying an additional 4,676 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in Vail Resorts during the first quarter valued at about $211,000. Institutional investors own 97.95% of the company’s stock.
Vail Resorts, Inc. (NYSE:MTN) opened at 213.67 on Friday. The stock has a market capitalization of $8.56 billion, a P/E ratio of 41.59 and a beta of 0.55. Vail Resorts, Inc. has a 1-year low of $151.60 and a 1-year high of $215.94. The stock has a 50 day moving average of $207.63 and a 200 day moving average of $195.89.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The company had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. During the same period last year, the company earned $4.23 earnings per share. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, analysts expect that Vail Resorts, Inc. will post $4.86 earnings per share for the current year.
Several equities analysts have issued reports on MTN shares. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $233.00 price objective (up from $207.50) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC reaffirmed an “overweight” rating and set a $226.00 price objective on shares of Vail Resorts in a report on Sunday, June 11th. Janney Montgomery Scott increased their price objective 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. Finally, BidaskClub raised shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Vail Resorts presently has a consensus rating of “Buy” and an average target price of $211.11.
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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