Concannon Wealth Management adds Vail Resorts (MTN) to its portfolio

Vail Resorts (MTN) : Concannon Wealth Management added new position in Vail Resorts during the most recent quarter end. The investment management firm now holds 331 shares of Vail Resorts which is valued at $43,219 , the company said in a statement filed on Apr 21, 2016 with the SEC.Vail Resorts makes up approximately 0.04% of Concannon Wealth Management’s portfolio.

Vail Resorts closed down -0.19 points or -0.15% at $130.78 with 1,94,403 shares getting traded on Wednesday. Post opening the session at $130.57, the shares hit an intraday low of $129.67 and an intraday high of $130.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network added MTN to its portfolio by purchasing 157 company shares during the most recent quarter which is valued at $20,499. Vail Resorts makes up approx 0.01% of Advisory Services Network’s portfolio.Central Trust Co boosted its stake in MTN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 408 shares of Vail Resorts which is valued at $54,023.Eagle Asset Management Inc reduced its stake in MTN by selling 25,000 shares or 5.85% in the most recent quarter. The Hedge Fund company now holds 402,090 shares of MTN which is valued at $51,487,625. Vail Resorts makes up approx 0.36% of Eagle Asset Management Inc’s portfolio.Foundry Partners boosted its stake in MTN in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 2,400 shares of Vail Resorts which is valued at $307,320. Vail Resorts makes up approx 0.03% of Foundry Partners’s portfolio.

On the company’s financial health, Vail Resorts reported $3.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $2.96. The company had revenue of $599.40 million for the quarter, compared to analysts expectations of $593.61 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 EPS.

Many Wall Street Analysts have commented on Vail Resorts. Vail Resorts was Initiated by Sterne Agee CRT to “Buy” on Apr 7, 2016. Company shares were Reiterated by MKM Partners on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 147 from a previous price target of $135 .Company shares were Reiterated by Barclays on Mar 11, 2016 to “Overweight”, Firm has raised the Price Target to $ 145 from a previous price target of $135 .

Vail Resorts Inc. is a holding company. The Company operates through three segments: Mountain Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas as well as ancillary services primarily including ski school dining and retail/rental operations. The Company’s Lodging segment owns and/or manages a collection of luxury hotels under RockResorts brand as well as other lodging properties and a range of condominiums located in proximity to its mountain resorts certain National Park Service (NPS) concessionaire properties including Grand Teton Lodge Company (GTLC) which operates destination resorts at Grand Teton National Park; Colorado Mountain Express (CME) a Colorado resort ground transportation company and mountain resort golf courses. The Company’s Real Estate segment owns and develops real estate in and around its resort communities.

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