Vail Resorts, Inc. (MTN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in Vail Resorts, Inc. (NYSE:MTN) by 17.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 622,756 shares of the company’s stock after selling 136,230 shares during the period. Wells Fargo & Company MN owned about 1.56% of Vail Resorts worth $126,314,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tocqueville Asset Management L.P. boosted its stake in shares of Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after purchasing an additional 8 shares in the last quarter. Comerica Bank boosted its stake in shares of Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after purchasing an additional 10 shares in the last quarter. Corundum Group Inc. boosted its stake in shares of Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock valued at $325,000 after purchasing an additional 15 shares in the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Vail Resorts by 1.1% in the 1st quarter. Concert Wealth Management Inc. now owns 1,817 shares of the company’s stock valued at $290,000 after purchasing an additional 20 shares in the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock valued at $542,000 after purchasing an additional 23 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

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Shares of Vail Resorts, Inc. (MTN) opened at 227.73 on Monday. The company’s 50-day moving average is $217.67 and its 200 day moving average is $202.40. The firm has a market capitalization of $9.13 billion, a P/E ratio of 44.32 and a beta of 0.53. Vail Resorts, Inc. has a 52-week low of $151.60 and a 52-week high of $230.00.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million during the quarter, compared to analysts’ expectations of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.23 EPS. Analysts expect that Vail Resorts, Inc. will post $4.86 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on MTN shares. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Wells Fargo & Company reiterated an “outperform” rating and set a $233.00 target price (up from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. Stifel Nicolaus reiterated a “hold” rating and set a $229.00 target price on shares of Vail Resorts in a research report on Thursday. KeyCorp reiterated an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a research report on Wednesday, August 30th. Finally, Barclays PLC reiterated an “overweight” rating and set a $226.00 target price on shares of Vail Resorts in a research report on Sunday, June 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $219.44.

Vail Resorts Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

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

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