What Do Hedge Funds Think of Vail Resorts, Inc. (MTN)?

As aggregate interest increased, key money managers were leading the bulls’ herd. Clinton Group, managed by George Hall, created the largest position in Vail Resorts, Inc. (NYSE:MTN). Clinton Group had $1.2 million invested in the company at the end of the quarter. Greg Poole’s Echo Street Capital Management also initiated an $0.6 million position during the quarter. The other funds with brand new MTN positions are Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital, Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital, and Jacob Gottlieb’s Visium Asset Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Vail Resorts, Inc. (NYSE:MTN) but similarly valued. We will take a look at Sonoco Products Company (NYSE:SON), WellCare Health Plans, Inc. (NYSE:WCG), Strategic Hotels and Resorts Inc (NYSE:BEE), and Teradyne, Inc. (NYSE:TER). This group of stocks’ market caps resemble MTN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SON 24 116135 2
WCG 32 724867 1
BEE 31 466880 16
TER 25 538733 -5

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $462 million. That figure was $362 million in MTN’s case. WellCare Health Plans, Inc. (NYSE:WCG) is the most popular stock in this table. On the other hand Sonoco Products Company (NYSE:SON) is the least popular one with only 24 bullish hedge fund positions. Vail Resorts, Inc. (NYSE:MTN) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard WCG might be a better candidate to consider a long position.