TD Asset Management Inc Sells 1,065 Shares of Vail Resorts, Inc. (NYSE:MTN)

TD Asset Management Inc trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,765 shares of the company’s stock after selling 1,065 shares during the period. TD Asset Management Inc’s holdings in Vail Resorts were worth $4,641,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Private Advisor Group LLC purchased a new position in Vail Resorts in the fourth quarter worth about $244,000. Charles Schwab Investment Management Inc. boosted its position in Vail Resorts by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 232,804 shares of the company’s stock worth $49,697,000 after purchasing an additional 3,383 shares during the last quarter. Principal Securities Inc. purchased a new position in Vail Resorts in the fourth quarter worth about $273,000. Jump Financial LLC boosted its position in Vail Resorts by 96.7% in the fourth quarter. Jump Financial LLC now owns 4,757 shares of the company’s stock worth $1,015,000 after purchasing an additional 2,339 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Vail Resorts by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 259,239 shares of the company’s stock worth $55,347,000 after purchasing an additional 6,336 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 1.3 %

NYSE MTN opened at $176.69 on Thursday. The stock’s 50 day moving average is $178.13 and its 200 day moving average is $195.29. 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 $254.78. The stock has a market cap of $6.65 billion, a PE ratio of 24.04, a P/E/G ratio of 2.19 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTN. Barclays lowered their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $217.00 to $176.00 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, Mizuho lowered their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company 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.