Stock SEC Filing: Price T Rowe Associates Inc Just Disclosed New Vail Resorts Inc Position

Stock SEC Filing: Price T Rowe Associates Inc  Just Disclosed New Vail Resorts Inc Position

The New Price T Rowe Associates Inc Holding in Vail Resorts Inc

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Vail Resorts Inc. The form can be accessed here: 000008025516001354. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 10.3% or 3,768,177 shares of the Consumer Discretionary–company.

Vail Resorts Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Vail Resorts Inc Institutional Sentiment

Latest Security and Exchange filings show 203 investors own Vail Resorts Inc. The institutional ownership in Q3 2015 is very high, at 90.14% of the outstanding shares. This is decreased by 3020230 the total institutional shares. 32710983 were the shares owned by these institutional investors. In total 33 funds opened new Vail Resorts Inc stakes, 79 increased stakes. There were 22 that closed positions and 74 reduced them.

5 managers had the stock in their top Ten. Notable investors are: Bamco Inc Ny, Tiger Eye Capital Llc, Columbia Wanger Asset Management Llc, Sandhill Capital Partners Llc, Iat Reinsurance Co Ltd., Insight Capital Research & Management Inc, Moab Capital Partners Llc..

Shapiro Capital Management Llc is an institutional investor bullish on Vail Resorts Inc, owning 2000 shares as of Q3 2015 for less than 0.01% of its portfolio. Keeley Asset Management Corp owns 427818 shares or 1.27% of its portfolio. TX Hodges Capital Management Inc have 0.90% of their stock portfolio for 208997 shares. Further, Independence Capital Asset Partners Llc reported stake worth 3.99% of its US stock portfolio. The IL High Pointe Capital Management Llc owns 10060 shares. Vail Resorts Inc is 0.49% of the manager’s US portfolio.

Business Profile

Vail Resorts, Inc. is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. It operates mountain resorts and urban ski areas, such as Whistler Blackcomb in British Columbia, Canada. In the Lodging segment, it owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, as well as other lodging properties and various condominiums; National Park Service (NPS) concessionaire properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park; Colorado Mountain Express (CME), and mountain resort golf courses. Its Real Estate segment owns, develops and sells real estate in and around its resort communities.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 0.02, from 1.23 in 2016Q1. The ratio dived, as 24 funds sold all Vail Resorts, Inc. shares owned while 85 reduced positions. 51 funds bought stakes while 81 increased positions. They now own 34.58 million shares or 2.75% less from 35.56 million shares in 2016Q1.

Fincl Counselors Inc accumulated 17,457 shares or 0.14% of the stock. Farmers And Merchants Investments has 51 shares for 0% of their US portfolio. Federated Pa last reported 0.02% of its portfolio in the stock. Price T Rowe Associate Inc Md last reported 0.1% of its portfolio in the stock. Zacks Mngmt accumulated 38,703 shares or 0.16% of the stock. Aqr Capital Ltd Llc last reported 14,139 shares in the company. Keeley Asset Mgmt Corp last reported 285,171 shares in the company. Raymond James Financial Services Inc has invested 0% of its portfolio in Vail Resorts, Inc. (NYSE:MTN). Moreover, State Board Of Administration Of Florida Retirement System has 0.02% invested in Vail Resorts, Inc. (NYSE:MTN) for 37,445 shares. California State Teachers Retirement Sys accumulated 76,146 shares or 0.02% of the stock. Geode Mgmt Lc reported 230,193 shares or 0.02% of all its holdings. Royal Bank Of Canada last reported 208,676 shares in the company. Rhumbline Advisers has 38,760 shares for 0.02% of their US portfolio. Moreover, Jennison Associates Limited Liability Corporation has 0.2% invested in Vail Resorts, Inc. (NYSE:MTN) for 1.32M shares. Williams Jones & Associates Limited Company accumulated 5,690 shares or 0.04% of the stock.

Insider Transactions: Since September 28, 2016, the stock had 0 buys, and 3 selling transactions for $1.52 million net activity. Campbell Patricia A sold $45,713 worth of stock. On Wednesday, September 28 the insider SORTE JOHN F sold $731,043.

About 506,002 shares traded hands or 56.68% up from the average. Vail Resorts, Inc. (NYSE:MTN) has risen 20.66% since April 8, 2016 and is uptrending. It has outperformed by 15.01% the S&P500.

Vail Resorts, Inc. is a holding company. The company has a market cap of $5.45 billion. The Firm operates through three divisions: Mountain, Lodging and Real Estate. It has a 39.29 P/E ratio. The Company’s Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

Vail Resorts, Inc. (NYSE:MTN) Ratings Coverage

Out of 12 analysts covering Vail Resorts Inc. (NYSE:MTN), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. $175 is the highest target while $114 is the lowest. The $145.50 average target is -5.92% below today’s ($154.66) stock price. Vail Resorts Inc. has been the topic of 21 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by JMP Securities to “Market Perform” on Tuesday, December 8. Janney Capital maintained Vail Resorts, Inc. (NYSE:MTN) rating on Friday, June 10. Janney Capital has “Buy” rating and $153 price target. The company was initiated on Thursday, April 7 by Sterne Agee CRT. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, August 23. The firm has “Buy” rating given on Wednesday, November 4 by Janney Capital. Macquarie Research initiated Vail Resorts, Inc. (NYSE:MTN) on Monday, July 27 with “Outperform” rating. JMP Securities maintained it with “Outperform” rating and $114 target price in Friday, October 2 report. As per Friday, October 2, the company rating was maintained by Barclays Capital. The stock has “Buy” rating given by Goldman Sachs on Tuesday, December 8. The stock has “Neutral” rating given by M Partners on Friday, September 25.

More notable recent Vail Resorts, Inc. (NYSE:MTN) news were published by: Wsj.com which released: “Vail Resorts to Buy Whistler Blackcomb” on August 08, 2016, also Marketwatch.com with their article: “Vail Resorts to acquire Whistler Blackcomb in C$1.39 billion deal” published on August 08, 2016, Fool.com published: “Vail Resorts Inc. Appears on Its Way to Smoother (and Greater) Profits” on March 27, 2016. More interesting news about Vail Resorts, Inc. (NYSE:MTN) were released by: Fool.com and their article: “Why Shares of Vail Resorts, Inc. Popped 11% in August” published on September 06, 2016 as well as Prnewswire.com‘s news article titled: “Vail Resorts Announces Fiscal 2016 Year-end Earnings Release Date” with publication date: September 01, 2016.

According to Zacks Investment Research, “Vail Resorts, Inc. is one of the leading resort operators in North America. The company’s operations are grouped into two segments, Resort and Real Estate. In the company’s Resort segment, they own and operate resort properties which provide a comprehensive resort experience throughout the year to a diverse clientele with an attractive demographic profile. The company’s Real Estate segment develops, buys and sells real estate in and around the their resort communities.”

MTN Company Profile

Vail Resorts, Inc., incorporated on October 15, 1985, is a holding company. The Firm operates through three divisions: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. In the Lodging segment, the Company owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, as well as other lodging properties and various condominiums located in proximity to the Company’s the Unites States mountain resorts; National Park Service (NPS) concessionaire properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park, Colorado Mountain Express (CME), and mountain resort golf courses. The Company’s Real Estate segment owns, develops and sells real estate in and around its resort communities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment