UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 18,276 Shares of Vail Resorts, Inc. $MTN

Key Points

• UBS Asset Management reduced its Vail Resorts stake by 16.2% in the second quarter, selling 18,276 shares and retaining 94,738 shares valued at approximately $12.9 million. Institutional investors collectively own 94.9% of MTN.
• Vail Resorts reported quarterly earnings of $8.81 per share, below the $8.97 analyst consensus, while revenue of $1.21 billion slightly exceeded expectations. Revenue fell 7% year over year, and analysts project $4.32 in full-year earnings per share.
• MTN shares opened at $134.91, below the 50-day average of $146.03. Analysts maintain a consensus “Hold” rating with an average price target of $149.83, while several firms recently lowered their targets.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 16.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,738 shares of the company's stock after selling 18,276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Vail Resorts worth $12,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BOKF NA increased its holdings in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company's stock worth $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Danske Bank A S bought a new position in shares of Vail Resorts in the third quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its position in shares of Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock valued at $29,000 after buying an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company's stock valued at $31,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Stock Down 0.8%

Shares of NYSE:MTN opened at $134.91 on Friday. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $163.34. The company has a market capitalization of $4.81 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 8.90 and a beta of 0.69. The business has a fifty day moving average price of $146.03 and a two-hundred day moving average price of $137.04. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts' consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.Vail Resorts's quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $10.54 earnings per share. Analysts forecast that Vail Resorts, Inc. will post 4.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTN. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $143.00 to $134.00 and set a "hold" rating for the company in a research note on Tuesday, June 9th. Barclays dropped 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 report on Tuesday, June 9th. UBS Group restated a "neutral" rating on shares of Vail Resorts in a report on Tuesday, June 9th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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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