Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Select Equity Group L.P.

Select Equity Group L.P. lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,884,472 shares of the company’s stock after selling 123,686 shares during the period. Vail Resorts accounts for approximately 1.3% of Select Equity Group L.P.’s portfolio, making the stock its 25th biggest holding. Select Equity Group L.P. owned 5.01% of Vail Resorts worth $339,450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shellback Capital LP acquired a new stake in Vail Resorts in the 2nd quarter worth about $7,205,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after acquiring an additional 553,337 shares during the period. Daymark Wealth Partners LLC acquired a new stake in shares of Vail Resorts in the second quarter worth approximately $407,000. AQR Capital Management LLC grew its holdings in Vail Resorts by 1,063.7% in the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after purchasing an additional 161,820 shares during the period. Finally, Ariel Investments LLC grew its holdings in Vail Resorts by 10.6% in the second quarter. Ariel Investments LLC now owns 247,095 shares of the company’s stock valued at $44,509,000 after purchasing an additional 23,674 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

NYSE MTN opened at $187.99 on Friday. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $242.47. The firm has a market capitalization of $7.07 billion, a PE ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.14. The company’s 50 day simple moving average is $179.53 and its 200 day simple moving average is $192.26. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Morgan Stanley upped their price target on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho cut their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Barclays decreased their target price on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $213.38.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.