Carbonado Capital Lowers stake in Vail Resorts (MTN)

Vail Resorts (MTN) : Carbonado Capital reduced its stake in Vail Resorts by 20.0% during the most recent quarter end. The investment management company now holds a total of 200,000 shares of Vail Resorts which is valued at $31,254,000 after selling 50,000 shares in Vail Resorts , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Vail Resorts makes up approximately 7.65% of Carbonado Capital’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers sold out all of its stake in MTN during the most recent quarter. The investment firm sold 2,756 shares of MTN which is valued $430,680. Granahan Investment Management Incma added MTN to its portfolio by purchasing 36,400 company shares during the most recent quarter which is valued at $11,376,456. Vail Resorts makes up approx 0.38% of Granahan Investment Management Incma’s portfolio.Teachers Advisors Inc reduced its stake in MTN by selling 20,164 shares or 9.04% in the most recent quarter. The Hedge Fund company now holds 202,915 shares of MTN which is valued at $31,709,527. Vail Resorts makes up approx 0.05% of Teachers Advisors Inc’s portfolio.Blackrock Investment Management reduced its stake in MTN by selling 111,394 shares or 88.77% in the most recent quarter. The Hedge Fund company now holds 14,087 shares of MTN which is valued at $2,201,375.

Vail Resorts opened for trading at $159.21 and hit $160.91 on the upside on Thursday, eventually ending the session at $160.5, with a gain of 1.31% or 2.07 points. The heightened volatility saw the trading volume jump to 2,85,530 shares. Company has a market cap of $5,804 M.

On the company’s financial health, Vail Resorts reported $4.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jun 9, 2016. Analyst had a consensus of $4.16. The company had revenue of $647.50 million for the quarter, compared to analysts expectations of $652.41 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.56 EPS.

Many Wall Street Analysts have commented on Vail Resorts. Company shares were Reiterated by Janney on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 153 from a previous price target of $150 .Company shares were Reiterated by MKM Partners on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $147 .

Vail Resorts Inc. is a holding company. The Company operates through three segments: Mountain Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas as well as ancillary services primarily including ski school dining and retail/rental operations. The Company’s Lodging segment owns and/or manages a collection of luxury hotels under RockResorts brand as well as other lodging properties and a range of condominiums located in proximity to its mountain resorts certain National Park Service (NPS) concessionaire properties including Grand Teton Lodge Company (GTLC) which operates destination resorts at Grand Teton National Park; Colorado Mountain Express (CME) a Colorado resort ground transportation company and mountain resort golf courses. The Company’s Real Estate segment owns and develops real estate in and around its resort communities.

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