Edgestream Partners L.P. Has $1.06 Million Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Edgestream Partners L.P. lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 51.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,864 shares of the company’s stock after selling 6,283 shares during the quarter. Edgestream Partners L.P.’s holdings in Vail Resorts were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MTN. Principal Financial Group Inc. increased its holdings in shares of Vail Resorts by 1.0% in the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock valued at $402,716,000 after purchasing an additional 17,432 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 5.9% in the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after buying an additional 24,456 shares during the period. Norges Bank bought a new stake in shares of Vail Resorts during the fourth quarter worth $85,704,000. Dimensional Fund Advisors LP raised its position in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after acquiring an additional 94,923 shares during the last quarter. Finally, First Pacific Advisors LP acquired a new position in shares of Vail Resorts during the second quarter valued at $62,466,000. 94.94% of the stock is owned by institutional investors.

Vail Resorts Stock Performance

Shares of MTN stock opened at $185.10 on Friday. The business’s 50-day moving average price is $179.00 and its 200-day moving average price is $193.55. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.38 and a beta of 1.14. Vail Resorts, Inc. has a 12 month low of $165.14 and a 12 month high of $250.31.

Analyst Ratings Changes

Several analysts have weighed in on MTN shares. Barclays dropped their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 lowered their target price on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Mizuho cut their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $223.00 target price (down from $259.00) on shares of Vail Resorts in a report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $213.00.

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.