Oppenheimer & Co. Inc. Has $2.68 Million Position in Vail Resorts, Inc. (MTN)
Oppenheimer & Co. Inc. boosted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,620 shares of the company’s stock after purchasing an additional 744 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $2,681,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of MTN. CI Investments Inc. bought a new position in Vail Resorts during the 4th quarter valued at approximately $52,884,000. Jennison Associates LLC increased its position in Vail Resorts by 62.6% during the 4th quarter. Jennison Associates LLC now owns 608,496 shares of the company’s stock valued at $129,287,000 after buying an additional 234,198 shares in the last quarter. State Street Corp increased its position in Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after buying an additional 206,079 shares in the last quarter. JPMorgan Chase & Co. increased its position in Vail Resorts by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock valued at $114,902,000 after buying an additional 101,554 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Vail Resorts by 403.5% during the 2nd quarter. Janus Henderson Group PLC now owns 118,146 shares of the company’s stock valued at $23,963,000 after buying an additional 94,680 shares in the last quarter. 94.47% of the stock is owned by institutional investors.
A number of analysts have commented on MTN shares. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 target price for the company in a report on Wednesday, October 25th. Bank of America lifted their target price on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Stifel Nicolaus lifted their target price on Vail Resorts from $232.00 to $235.00 and gave the stock a “hold” rating in a report on Friday, December 8th. Deutsche Bank started coverage on Vail Resorts in a report on Wednesday, December 13th. They issued a “buy” rating and a $265.00 target price for the company. Finally, MKM Partners reduced their target price on Vail Resorts to $252.00 and set a “buy” rating for the company in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $250.67.
Shares of Vail Resorts, Inc. (NYSE MTN) opened at $212.51 on Wednesday. The company has a market capitalization of $8,515.78, a price-to-earnings ratio of 36.08 and a beta of 0.49. Vail Resorts, Inc. has a fifty-two week low of $176.42 and a fifty-two week high of $237.77. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). The business had revenue of $220.90 million during the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the business posted ($1.70) EPS. sell-side analysts expect that Vail Resorts, Inc. will post 6.9 earnings per share for the current year.
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About Vail Resorts
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.
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