BlackRock Amends Vail Resorts Stake (Amendment No. 7)
Ticker: MTN · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Vail Resorts ownership, but the filing doesn't show the new percentage.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership stake in Vail Resorts Inc. as of December 31, 2023. This amendment (Amendment No. 7) updates previous disclosures, showing BlackRock's continued significant, but passive, investment in the ski resort operator. For investors, this filing confirms that a major institutional investor like BlackRock remains a holder, which can be seen as a vote of confidence, but the specific percentage change isn't detailed in the provided snippet, so its impact on stock sentiment is limited without that key data point.
Why It Matters
This filing shows BlackRock, a major institutional investor, is still a significant shareholder in Vail Resorts, which can reassure some investors about the company's stability. However, without the actual percentage of shares owned, the full impact of this amendment is unclear.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not signal any immediate risk or major change in company operations.
Analyst Insight
Investors should note BlackRock's continued presence but recognize this filing doesn't provide specific details on the percentage change. Further investigation into BlackRock's actual ownership percentage (which is not in this snippet) would be needed to gauge any significant shift in sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- VAIL RESORTS INC (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring this filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- 91879Q109 (other) — the CUSIP number for Vail Resorts Inc. Common Stock
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Vail Resorts Inc. (BlackRock Inc.) — high confidence, target: next 12 months
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment (indicated by the 'A') to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., has changed its beneficial ownership of a company's stock, in this case, VAIL RESORTS INC.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major asset management firm based out of 50 Hudson Yards, New York, NY.
What is the subject company of this filing?
The subject company is VAIL RESORTS INC, which operates in the 'SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION' industry, with its business address at 390 Interlocken Crescent, Suite 1000, Broomfield, CO 80021.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, meaning the change in BlackRock's ownership stake in Vail Resorts Inc. occurred on or before this date.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of VAIL RESORTS INC, as stated in the filing, is 91879Q109.
From the Filing
EDGAR Filing Documents for 0001086364-24-001646 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001646 Filing Date 2024-01-23 Accepted 2024-01-23 16:13:55 Documents 1 Document Format Files Seq Description Document Type Size 1 us91879q1094_012324.txt SC 13G/A 11966 Complete submission text file 0001086364-24-001646.txt 13824 Mailing Address 390 INTERLOCKEN CRESCENT SUITE 1000 BROOMFIELD CO 80021 Business Address 390 INTERLOCKEN CRESCENT SUITE 1000 BROOMFIELD CO 80021 303-404-1800 VAIL RESORTS INC (Subject) CIK : 0000812011 (see all company filings) EIN. : 510291762 | State of Incorp.: DE | Fiscal Year End: 0731 Type: SC 13G/A | Act: 34 | File No.: 005-49757 | Film No.: 24552657 SIC : 7990 Services-Miscellaneous Amusement & Recreation (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)