Vail Resorts, Inc. $MTN Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 35.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,377 shares of the company’s stock after selling 4,042 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Vail Resorts were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bamco Inc. NY acquired a new position in shares of Vail Resorts during the 2nd quarter worth about $889,971,000. BlackRock Inc. acquired a new stake in shares of Vail Resorts during the 2nd quarter worth about $464,712,000. Capital World Investors lifted its stake in Vail Resorts by 6.1% during the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after purchasing an additional 182,982 shares during the last quarter. Oasis Management Co Ltd. lifted its stake in Vail Resorts by 8.3% during the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after purchasing an additional 201,750 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

Shares of MTN opened at $130.17 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm has a market cap of $4.64 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 8.77 and a beta of 0.69. The company’s 50 day simple moving average is $145.83 and its 200-day simple moving average is $136.88. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $163.34.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 28th. The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They issued a “sell” rating and a $132.00 target price on the stock. Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.83.

Check Out Our Latest Stock Analysis on MTN

Vail Resorts Profile

(Free Report)

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.

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