Uniplan Investment Counsel Inc. Trims Position in Vail Resorts, Inc. $MTN

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Vail Resorts, Inc. (NYSE:MTN) by 5.9%, resulting in ownership of 57,956 shares valued at approximately $9.27 million as of the latest SEC filing.
• Several institutional investors increased their holdings in Vail Resorts, with First Pacific Advisors LP boosting their position by 54.2% and Point72 Asset Management increasing theirs by 170.1% over recent quarters.
• Vail Resorts reported a quarterly earnings per share (EPS) of $10.54, exceeding analyst estimates, but revenues slightly fell short of expectations, indicating a 1.0% year-over-year increase.

Uniplan Investment Counsel Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,956 shares of the company's stock after selling 3,625 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.16% of Vail Resorts worth $9,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTN. Principal Financial Group Inc. boosted its holdings in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after purchasing an additional 5,788 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Vail Resorts by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,288,911 shares of the company's stock valued at $206,252,000 after buying an additional 86,735 shares during the period. TPG GP A LLC lifted its holdings in Vail Resorts by 19.9% in the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after acquiring an additional 172,082 shares during the last quarter. First Pacific Advisors LP lifted its holdings in Vail Resorts by 54.2% in the first quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock valued at $128,910,000 after acquiring an additional 283,299 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after acquiring an additional 344,095 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 target price on the stock in a research report on Wednesday, May 28th. UBS Group cut their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America upped their target price on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

Vail Resorts Stock Down 0.6%

MTN stock opened at $157.92 on Friday. The company's 50 day moving average price is $158.25 and its 200 day moving average price is $153.83. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.95 and a beta of 0.87. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $9.54 earnings per share. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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