Raine Capital buys $18,175,950 stake in Vail Resorts (MTN)

Vail Resorts (MTN) : Raine Capital scooped up 12,000 additional shares in Vail Resorts during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 117,000 shares of Vail Resorts which is valued at $18,175,950.Vail Resorts makes up approximately 14.55% of Raine Capital’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc boosted its stake in MTN in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 2,122 shares of Vail Resorts which is valued at $329,653.Intrust Bank Na boosted its stake in MTN in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 1,938 shares of Vail Resorts which is valued at $307,909. Vail Resorts makes up approx 0.12% of Intrust Bank Na’s portfolio.Wealthsource Partners reduced its stake in MTN by selling 8 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 1,824 shares of MTN which is valued at $285,328. Vail Resorts makes up approx 0.11% of Wealthsource Partners’s portfolio.Rothschild Asset Management Inc reduced its stake in MTN by selling 8,668 shares or 7.88% in the most recent quarter. The Hedge Fund company now holds 101,326 shares of MTN which is valued at $16,155,417. Vail Resorts makes up approx 0.28% of Rothschild Asset Management Inc’s portfolio.

Vail Resorts closed down -1.97 points or -1.25% at $155.81 with 4,72,271 shares getting traded on Monday. Post opening the session at $157.35, the shares hit an intraday low of $155.72 and an intraday high of $157.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Vail Resorts reported $-1.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Sep 26, 2016. Analyst had a consensus of $-1.65. The company had revenue of $179.90 million for the quarter, compared to analysts expectations of $171.02 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.92 EPS.

Many Wall Street Analysts have commented on Vail Resorts. Vail Resorts was Upgraded by Wells Fargo to ” Outperform” on Oct 20, 2016.

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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