Provident Investment Management Inc. Purchases 400 Shares of Vail Resorts, Inc. (NYSE:MTN)

Provident Investment Management Inc. grew its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 9.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,511 shares of the company’s stock after buying an additional 400 shares during the period. Provident Investment Management Inc.’s holdings in Vail Resorts were worth $813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Vail Resorts by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after buying an additional 56 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Vail Resorts by 2.1% during the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after acquiring an additional 62 shares in the last quarter. Fairbanks Capital Management Inc. raised its position in shares of Vail Resorts by 2.5% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after purchasing an additional 63 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Vail Resorts by 4.6% in the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after purchasing an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after purchasing an additional 78 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 2.6 %

Shares of MTN stock opened at $180.43 on Tuesday. The stock has a market capitalization of $6.79 billion, a P/E ratio of 24.55, a P/E/G ratio of 2.19 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. The firm’s 50 day moving average is $177.94 and its 200 day moving average is $195.82. Vail Resorts, Inc. has a 12-month low of $165.14 and a 12-month high of $254.78.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. 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. Mizuho reduced their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Stifel Nicolaus decreased their price target on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $221.50.

About Vail Resorts

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.