Panagora Asset Management Inc. Lowers Position in Vail Resorts, Inc. (NYSE:MTN)

Panagora Asset Management Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,643 shares of the company’s stock after selling 73 shares during the quarter. Panagora Asset Management Inc.’s holdings in Vail Resorts were worth $1,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. acquired a new position in shares of Vail Resorts during the second quarter valued at approximately $28,000. Private Ocean LLC purchased a new position in shares of Vail Resorts in the first quarter valued at approximately $43,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Vail Resorts in the second quarter worth approximately $45,000. NEXT Financial Group Inc boosted its stake in shares of Vail Resorts by 24.7% in the second quarter. NEXT Financial Group Inc now owns 384 shares of the company’s stock worth $87,000 after acquiring an additional 76 shares during the last quarter. Finally, Quattro Financial Advisors LLC acquired a new stake in shares of Vail Resorts in the second quarter worth approximately $115,000. 95.25% of the stock is currently owned by institutional investors and hedge funds.

MTN has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on Vail Resorts from $219.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, June 7th. Wells Fargo & Co initiated coverage on shares of Vail Resorts in a research note on Monday, July 15th. They set a “market perform” rating and a $230.00 target price on the stock. William Blair reaffirmed an “outperform” rating on shares of Vail Resorts in a research note on Friday, June 7th. SunTrust Banks upped their target price on shares of Vail Resorts to $247.00 and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Deutsche Bank set a $261.00 target price on shares of Vail Resorts and gave the company a “buy” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $237.18.

Shares of NYSE:MTN traded up $1.17 during midday trading on Wednesday, hitting $239.07. The company had a trading volume of 3,254 shares, compared to its average volume of 185,564. Vail Resorts, Inc. has a twelve month low of $179.60 and a twelve month high of $296.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.76 and a quick ratio of 0.62. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68. The business’s 50-day simple moving average is $239.99 and its 200-day simple moving average is $225.17.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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

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