Man Group plc Buys Shares of 8,666 Vail Resorts, Inc. $MTN

Man Group plc bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,666 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in Vail Resorts by 26.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after acquiring an additional 201,750 shares during the last quarter. Oasis Management Co Ltd. increased its stake in Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the period. BlackRock Inc. bought a new stake in shares of Vail Resorts during the second quarter worth $464,712,000. Peregrine Capital Management LLC bought a new stake in shares of Vail Resorts during the first quarter worth $4,605,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Vail Resorts by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after purchasing an additional 18,957 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

Shares of MTN stock opened at $136.50 on Thursday. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $163.34. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The stock has a fifty day simple moving average of $146.04 and a two-hundred day simple moving average of $137.04. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 8.73 and a beta of 0.69.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.54 EPS. On average, analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Analysts Set New Price Targets

MTN has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Barclays lowered their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research report on Tuesday, June 9th. Truist Financial dropped their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.83.

Vail Resorts Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.