Daiwa Securities Group Inc. Sells 3,228 Shares of Vail Resorts, Inc. (NYSE:MTN)

Daiwa Securities Group Inc. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 51.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,995 shares of the company’s stock after selling 3,228 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vail Resorts were worth $539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTN. Signaturefd LLC lifted its position in Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Quarry LP acquired a new stake in shares of Vail Resorts in the 4th quarter worth $35,000. Canton Hathaway LLC raised its stake in Vail Resorts by 66.7% in the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after buying an additional 100 shares during the last quarter. Triad Wealth Partners LLC acquired a new stake in Vail Resorts in the 2nd quarter worth approximately $51,000. Finally, GAMMA Investing LLC increased its holdings 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. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Up 0.3 %

MTN stock opened at $180.56 on Tuesday. The company has a market capitalization of $6.79 billion, a P/E ratio of 24.57, a PEG ratio of 2.35 and a beta of 1.14. 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 twelve month low of $165.14 and a twelve month high of $254.78. The firm has a 50 day simple moving average of $178.47 and a 200-day simple moving average of $194.00.

Analyst Ratings Changes

MTN has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $217.00 to $176.00 in a report on Friday, June 7th. Morgan Stanley decreased their price target on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Mizuho decreased their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $217.50.

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.