54,462 Shares in Vail Resorts, Inc. $MTN Purchased by Legal & General Group Plc

Key Points

• Legal & General Group Plc purchased 54,462 shares of Vail Resorts in the second quarter, valued at approximately $7.4 million and representing about 0.15% of the company.
• Institutional investors own approximately 94.9% of Vail Resorts, with BlackRock, Capital World Investors, Oasis Management, Manufacturers Life Insurance and UBS among the notable shareholders increasing or initiating positions.
• Vail Resorts reported quarterly EPS of $8.81, below the $8.97 consensus estimate, while revenue rose to $1.21 billion but declined 7% year over year. Analysts maintain an overall “Hold” rating, with an average price target of $149.83 versus the reported share price of $136.50.

Legal & General Group Plc bought a new stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,462 shares of the company's stock, valued at approximately $7,415,000. Legal & General Group Plc owned about 0.15% of Vail Resorts at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MTN. BlackRock Inc. purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $464,712,000. Capital World Investors grew its position in Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company's stock worth $424,488,000 after acquiring an additional 182,982 shares during the period. Oasis Management Co Ltd. increased 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 acquiring an additional 141,500 shares during the last quarter. The Manufacturers Life Insurance Company raised its position 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 during the period. Finally, UBS Group AG raised its position in Vail Resorts by 22.4% in the third quarter. UBS Group AG now owns 713,531 shares of the company's stock valued at $106,723,000 after purchasing an additional 130,460 shares during the period. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Price Performance

Shares of MTN opened at $136.50 on Thursday. The company has a market cap of $4.86 billion, a P/E ratio of 31.02, a PEG ratio of 8.73 and a beta of 0.69. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $163.34. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The firm's 50 day moving average price is $146.04 and its 200 day moving average price is $137.04.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $1.20 billion. During the same period in the prior year, the business earned $10.54 EPS. The business's quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts forecast that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, June 9th. The Goldman Sachs Group assumed coverage on shares of Vail Resorts in a report on Thursday, August 13th. They issued a "sell" rating and a $132.00 price objective on the stock. Weiss Ratings raised shares of Vail Resorts from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 28th. Mizuho set a $174.00 target price on shares of Vail Resorts in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $143.00 to $134.00 and set a "hold" rating on the stock in a research note on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $149.83.

About Vail Resorts

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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