Jaffetilchin Investment Partners LLC Has $770,000 Stake in Vail Resorts, Inc. (MTN)
Jaffetilchin Investment Partners LLC cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,798 shares of the company’s stock after selling 209 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Vail Resorts were worth $770,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Vail Resorts by 40.4% in 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 during the period. Morgan Stanley raised its position in shares of Vail Resorts by 127.4% in 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 during the period. Creative Planning raised its position in shares of Vail Resorts by 42.4% in the first quarter. Creative Planning now owns 1,189 shares of the company’s stock worth $228,000 after buying an additional 354 shares during the period. Capstone Asset Management Co. raised its position in shares of Vail Resorts by 375.5% in 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 during the period. Finally, Credit Suisse AG raised its position in shares of Vail Resorts by 1.8% in 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 during the period. 97.77% of the stock is currently owned by hedge funds and other institutional investors.
Vail Resorts, Inc. (MTN) opened at 217.42 on Wednesday. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 42.32 and a beta of 0.55. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $219.36. The company’s 50-day moving average price is $208.08 and its 200-day moving average price is $196.98.
Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing analysts’ consensus estimates of $4.86 by $0.46. The firm had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.23 EPS. Equities analysts expect that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.
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A number of research analysts have recently commented on MTN shares. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Wells Fargo & Company reissued an “outperform” rating and set a $233.00 price target (up from $207.50) on shares of Vail Resorts in a 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 report on Sunday, June 11th. Janney Montgomery Scott raised their price target on 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 Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company 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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