Shellback Capital LP Acquires New Position in Vail Resorts, Inc. (NYSE:MTN)

Shellback Capital LP bought a new stake in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,000 shares of the company’s stock, valued at approximately $7,205,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTN. GAMMA Investing LLC increased its stake in shares of Vail Resorts by 27.9% in the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after purchasing an additional 56 shares during the period. Park Avenue Securities LLC grew its stake in shares of Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $668,000 after purchasing an additional 62 shares in the last quarter. Fairbanks Capital Management Inc. increased its holdings in shares of Vail Resorts by 2.5% during the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares during the period. Artemis Investment Management LLP raised its stake in shares of Vail Resorts by 4.6% during the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after purchasing an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Vail Resorts by 8.5% in the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $223.00 target price (down previously from $259.00) on shares of Vail Resorts in a research note on Thursday, September 19th. Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Barclays lowered their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $213.38.

Vail Resorts Trading Up 2.9 %

Shares of NYSE MTN opened at $187.99 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $242.47. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.14. The business has a fifty day simple moving average of $179.53 and a 200-day simple moving average of $192.26.

About Vail Resorts

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.