Legal & General Group Plc lessened its stake in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,449 shares of the company’s stock after selling 4,469 shares during the period. Legal & General Group Plc’s holdings in Vail Resorts were worth $7,762,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in MTN. Capital World Investors boosted its stake in shares of Vail Resorts by 67.0% in the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock valued at $450,724,000 after purchasing an additional 1,208,874 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Vail Resorts by 15,313.2% in the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock valued at $59,769,000 after purchasing an additional 447,146 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Vail Resorts by 4.1% in the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after purchasing an additional 227,143 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $28,521,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Vail Resorts by 41.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,307 shares of the company’s stock valued at $82,908,000 after purchasing an additional 161,562 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Vail Resorts Stock Performance
Shares of MTN stock opened at $135.34 on Friday. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $172.00. The company’s 50-day moving average is $127.96 and its 200 day moving average is $135.35. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 11.43 and a beta of 0.72. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.51 and a current ratio of 0.62.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. Stifel Nicolaus lowered their price target on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating for the company in a report on Friday, March 6th. JPMorgan Chase & Co. lowered their price target on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Finally, Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $161.82.
Read Our Latest Stock Report on Vail Resorts
Insider Transactions at Vail Resorts
In related news, CFO Angela A. Korch purchased 190 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $131.85 per share, with a total value of $25,051.50. Following the acquisition, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. The trade was a 3.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Katz purchased 37,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.81 per share, for a total transaction of $4,942,875.00. Following the acquisition, the chief executive officer owned 285,312 shares in the company, valued at approximately $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.
Vail Resorts Profile
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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