Diamond Hill Capital Management Inc. Has $73.22 Million Position in Vail Resorts, Inc. (MTN)

Diamond Hill Capital Management Inc. cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 360,980 shares of the company’s stock after selling 10,146 shares during the period. Diamond Hill Capital Management Inc. owned about 0.90% of Vail Resorts worth $73,218,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Corundum Group Inc. raised its stake in Vail Resorts by 1.2% in the first quarter. Corundum Group Inc. now owns 1,588 shares of the company’s stock valued at $305,000 after buying an additional 19 shares during the period. Concert Wealth Management Inc. raised its position in shares of Vail Resorts by 1.1% in the first quarter. Concert Wealth Management Inc. now owns 1,817 shares of the company’s stock worth $290,000 after buying an additional 20 shares during the period. Paloma Partners Management Co raised its position in shares of Vail Resorts by 0.8% in the first quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after buying an additional 23 shares during the period. FineMark National Bank & Trust raised its position in shares of Vail Resorts by 2.1% in the second quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock worth $248,000 after buying an additional 25 shares during the period. Finally, Boston Advisors LLC raised its position in shares of Vail Resorts by 2.2% in the second quarter. Boston Advisors LLC now owns 1,410 shares of the company’s stock worth $286,000 after buying an additional 30 shares during the period. 97.77% of the stock is owned by institutional investors and hedge funds.

Vail Resorts, Inc. (NYSE:MTN) opened at 220.21 on Friday. Vail Resorts, Inc. has a 12-month low of $151.60 and a 12-month high of $222.08. The company has a market cap of $8.83 billion, a PE ratio of 42.86 and a beta of 0.55. The company has a 50-day moving average price of $209.48 and a 200 day moving average price of $197.67.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.23 EPS. On average, analysts forecast that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Diamond Hill Capital Management Inc. Has $73.22 Million Position in Vail Resorts, Inc. (MTN)” was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/diamond-hill-capital-management-inc-sells-10146-shares-of-vail-resorts-inc-mtn-updated-updated.html.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Barclays PLC reiterated an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a report on Sunday, June 11th. Stifel Nicolaus reiterated a “buy” rating and set a $229.00 price target (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. BidaskClub upgraded Vail Resorts from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Wells Fargo & Company reiterated 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. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target 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.

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

Receive News & Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply