DekaBank Deutsche Girozentrale Trims Stake in Vail Resorts, Inc. (NYSE:MTN)

DekaBank Deutsche Girozentrale lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 86.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 848 shares of the company's stock after selling 5,522 shares during the period. DekaBank Deutsche Girozentrale's holdings in Vail Resorts were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MTN. CANADA LIFE ASSURANCE Co boosted its holdings in Vail Resorts by 66.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company's stock worth $10,082,000 after purchasing an additional 17,976 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Vail Resorts during the first quarter valued at $3,228,000. Nordea Investment Management AB lifted its holdings in Vail Resorts by 5.9% in the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company's stock valued at $98,470,000 after acquiring an additional 24,456 shares during the period. Junto Capital Management LP purchased a new position in Vail Resorts in the fourth quarter worth about $14,011,000. Finally, Edgestream Partners L.P. grew its stake in shares of Vail Resorts by 146.3% during the 1st quarter. Edgestream Partners L.P. now owns 12,147 shares of the company's stock valued at $2,707,000 after purchasing an additional 7,216 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Down 1.1 %

Shares of MTN opened at $185.00 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.08 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 $250.31. The business's 50 day moving average is $179.10 and its 200 day moving average is $193.14. The company has a market capitalization of $6.96 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MTN. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a "hold" rating on the stock in a research note on Monday, September 16th. Mizuho cut their price objective on shares of 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 target price 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. Morgan Stanley lowered their price objective on Vail Resorts from $229.00 to $179.00 and set an "equal weight" rating on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus reissued a "buy" rating and issued 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 given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $213.00.

Vail Resorts Company 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.