Stevens Capital Management LP Acquires New Position in Vail Resorts, Inc. (MTN)

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Stevens Capital Management LP acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the 1st quarter, HoldingsChannel reports. The fund acquired 3,748 shares of the company’s stock, valued at approximately $814,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTN. Pinnacle Financial Partners Inc. acquired a new stake in Vail Resorts during the first quarter valued at approximately $28,000. Highwater Wealth Management LLC acquired a new stake in Vail Resorts during the fourth quarter valued at approximately $32,000. Exane Derivatives raised its stake in Vail Resorts by 3,080.0% during the fourth quarter. Exane Derivatives now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 154 shares in the last quarter. Westside Investment Management Inc. raised its stake in Vail Resorts by 700.0% during the fourth quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after buying an additional 175 shares in the last quarter. Finally, Oakworth Capital Inc. raised its stake in Vail Resorts by 100.0% during the fourth quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $216.47, for a total transaction of $216,470.00. Following the completion of the transaction, the director now directly owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David T. Shapiro sold 5,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $213.51, for a total value of $1,134,165.12. Following the transaction, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at $976,381.23. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on MTN shares. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. KeyCorp set a $210.00 price objective on Vail Resorts and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Stifel Nicolaus upped their price objective on Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a research note on Monday, March 11th. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $221.62 price objective on the stock. in a research note on Thursday, April 4th. Finally, Jefferies Financial Group started coverage on Vail Resorts in a research note on Monday, April 22nd. They set a “hold” rating and a $233.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $254.06.

NYSE:MTN opened at $219.79 on Thursday. The company has a market cap of $8.84 billion, a PE ratio of 34.94, a P/E/G ratio of 2.09 and a beta of 0.66. Vail Resorts, Inc. has a 52 week low of $179.60 and a 52 week high of $302.76. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.55 and a quick ratio of 0.41.

Vail Resorts (NYSE:MTN) last posted its earnings results on Friday, March 8th. The company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.79 by $0.23. The company had revenue of $849.60 million during the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.12 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 6.98 EPS for the current year.

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Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN).

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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