Corundum Group Inc. boosted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,603 shares of the company’s stock after buying an additional 15 shares during the period. Vail Resorts makes up approximately 0.7% of Corundum Group Inc.’s portfolio, making the stock its 18th largest position. Corundum Group Inc.’s holdings in Vail Resorts were worth $325,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MTN. Metropolitan Life Insurance Co. NY raised its stake in shares of Vail Resorts by 3.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,666 shares of the company’s stock worth $430,000 after buying an additional 82 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Vail Resorts by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 175,408 shares of the company’s stock worth $28,295,000 after buying an additional 4,729 shares in the last quarter. Creative Planning raised its stake 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 in the last quarter. Capstone Asset Management Co. raised its stake in shares of Vail Resorts by 18.2% in the first quarter. Capstone Asset Management Co. now owns 1,471 shares of the company’s stock worth $282,000 after buying an additional 227 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Vail Resorts during the first quarter worth approximately $480,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Shares of Vail Resorts, Inc. (MTN) traded up 0.30% on Friday, hitting $220.21. The stock had a trading volume of 203,308 shares. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 42.86 and a beta of 0.55. The firm’s 50-day moving average is $209.48 and its 200-day moving average is $197.67. Vail Resorts, Inc. has a one year low of $151.60 and a one year high of $222.08.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.23 earnings per share. On average, analysts expect that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.
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A number of equities research analysts recently commented on MTN shares. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. Bank of America Corporation reissued a “buy” rating and issued a $228.00 price target (up from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. Stifel Nicolaus reissued a “buy” rating and issued a $229.00 price target (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and issued a $226.00 price target on shares of Vail Resorts in a report on Sunday, June 11th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued 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 given a buy rating and one has assigned a strong buy rating to the 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.
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