MSA Advisors liquidated its entire position in Vail Resorts during the first quarter. The firm sold 60,600 shares valued at approximately $8.27 million. This exit represented 2% of MSA’s total portfolio. The sale follows three consecutive quarters of increasing investment in the resort operator.
MSA Advisors sold the stock at a loss after Vail Resorts missed second-quarter earnings expectations. The company subsequently lowered its full-year financial guidance. Management cited the lowest snowfall in the Rockies in 30 years as a primary headwind. Vail Resorts described the weather conditions as a worst-case scenario for its performance.