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Hedge Funds See Potential Buying Opportunity in this Hospitality Stock Amid Its One-Year Plunge

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Michelle deBoer-Jones
Published on
Updated on
Vail Resorts MTN
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Vail Resorts (NYSE:MTN) has had a tough go of things lately. The stock has tumbled 27% over the past year, including a 15% decline already year to date.

However, hedge funds are starting to take notice of Vail Resorts, with names like RGA Investment Advisors and Warden Capital adding it to their portfolios in the second quarter and Oakmark adding it in the fourth.

Read hedge fund letters here

Adding and exiting Vail Resorts

Other funds that have added Vail to their portfolios recently include Moore Capital, which snapped up 49 million shares during the fourth quarter. D.E. Shaw, Nuveen, JPMorgan Chase and Advent Capital are also among the firms to establish new...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.