Is Vail Resorts, Inc. (NYSE:MTN) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from industry insiders. They fail miserably sometimes but historically their consensus stock picks outperformed the market after adjusting for known risk factors.
Is Vail Resorts, Inc. (NYSE:MTN) ready to rally soon? Prominent investors are becoming hopeful. The number of long hedge fund bets went up by 3 lately. MTN was in 26 hedge funds’ portfolios at the end of the third quarter of 2015. There were 23 hedge funds in our database with MTN positions at the end of the previous quarter. At the end of this article we will also compare MTN to other stocks including Sonoco Products Company (NYSE:SON), WellCare Health Plans, Inc. (NYSE:WCG), and Strategic Hotels and Resorts Inc (NYSE:BEE) to get a better sense of its popularity.
Now, we’re going to go over the recent action regarding Vail Resorts, Inc. (NYSE:MTN).
How are hedge funds trading Vail Resorts, Inc. (NYSE:MTN)?
At Q3’s end, a total of 26 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 13% from one quarter earlier. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were upping their holdings significantly (or already accumulated large positions).
Of the funds tracked by Insider Monkey, Mason Hawkins’ Southeastern Asset Management has the most valuable position in Vail Resorts, Inc. (NYSE:MTN), worth close to $188.9 million, amounting to 1.6% of its total 13F portfolio. On Southeastern Asset Management’s heels is Joel Greenblatt of Gotham Asset Management, with an $28.6 million position; 0.3% of its 13F portfolio is allocated to the company. Remaining members of the smart money that hold long positions encompass Jim Simons’ Renaissance Technologies, Doug Gordon, Jon Hilsabeck and Don Jabro’s Shellback Capital and Michael M. Rothenberg’s Moab Capital Partners.