Vail Resorts (MTN) : Chesapeake Partners Management Co Incmd reduced its stake in Vail Resorts by 26.21% during the most recent quarter end. The investment management company now holds a total of 309,710 shares of Vail Resorts which is valued at $39.5 Million after selling 110,000 shares in Vail Resorts , the firm said in a disclosure report filed with the SEC on May 13, 2016.Vail Resorts makes up approximately 3.91% of Chesapeake Partners Management Co Incmd’s portfolio.
Other Hedge Funds, Including , Driehaus Capital Management reduced its stake in MTN by selling 1,590 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 39,214 shares of MTN which is valued at $5 Million. Vail Resorts makes up approx 0.17% of Driehaus Capital Management’s portfolio.Cibc World Markets boosted its stake in MTN in the latest quarter, The investment management firm added 5,757 additional shares and now holds a total of 17,156 shares of Vail Resorts which is valued at $2.2 Million. Vail Resorts makes up approx 0.01% of Cibc World Markets’s portfolio.Swiss National Bank boosted its stake in MTN in the latest quarter, The investment management firm added 13,049 additional shares and now holds a total of 60,649 shares of Vail Resorts which is valued at $7.9 Million. Vail Resorts makes up approx 0.01% of Swiss National Bank’s portfolio. Farmers Merchants Investments Inc added MTN to its portfolio by purchasing 51 company shares during the most recent quarter which is valued at $6,657.Russell Frank Co boosted its stake in MTN in the latest quarter, The investment management firm added 6,938 additional shares and now holds a total of 48,664 shares of Vail Resorts which is valued at $6.3 Million. Vail Resorts makes up approx 0.01% of Russell Frank Co’s portfolio.
Vail Resorts opened for trading at $128.96 and hit $129.55 on the upside on Wednesday, eventually ending the session at $129.21, with a gain of 0.14% or 0.18 points. The heightened volatility saw the trading volume jump to 1,54,052 shares. Company has a market cap of $4,684 M.
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.