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

Provident Investment Management Inc. boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,511 shares of the company’s stock after buying an additional 400 shares during the quarter. Provident Investment Management Inc.’s holdings in Vail Resorts were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairbanks Capital Management Inc. increased its holdings in shares of Vail Resorts by 2.5% in the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after buying an additional 63 shares during the period. Torray Investment Partners LLC increased its stake in Vail Resorts by 15.2% in the 2nd quarter. Torray Investment Partners LLC now owns 19,104 shares of the company’s stock worth $3,441,000 after purchasing an additional 2,517 shares during the period. Arizona State Retirement System lifted its position in Vail Resorts by 1.8% in the second quarter. Arizona State Retirement System now owns 10,628 shares of the company’s stock valued at $1,914,000 after purchasing an additional 185 shares during the last quarter. First Pacific Advisors LP purchased a new stake in shares of Vail Resorts during the second quarter valued at approximately $62,466,000. Finally, Simon Quick Advisors LLC boosted its stake in shares of Vail Resorts by 79.9% during the second quarter. Simon Quick Advisors LLC now owns 2,328 shares of the company’s stock valued at $419,000 after purchasing an additional 1,034 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MTN shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $244.00 to $226.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. downgraded shares of 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 note on Friday, June 7th. Mizuho dropped their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Barclays reduced their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus lowered their price target on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $221.50.

Vail Resorts Price Performance

MTN stock opened at $180.43 on Tuesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts, Inc. has a 1 year low of $165.14 and a 1 year high of $254.78. The firm has a 50-day moving average of $177.94 and a 200 day moving average of $195.82. The company has a market cap of $6.79 billion, a P/E ratio of 24.55, a PEG ratio of 2.19 and a beta of 1.14.

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.