HighTower Advisors LLC Acquires 131,898 Shares of Vail Resorts, Inc. $MTN

HighTower Advisors LLC increased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 22.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 712,430 shares of the company’s stock after buying an additional 131,898 shares during the period. HighTower Advisors LLC’s holdings in Vail Resorts were worth $96,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Vail Resorts in the 2nd quarter worth approximately $327,000. California State Teachers Retirement System raised its position in shares of Vail Resorts by 12,999.3% during the second quarter. California State Teachers Retirement System now owns 5,519,521 shares of the company’s stock worth $751,483,000 after acquiring an additional 5,477,385 shares during the last quarter. AlphaGrep UK Ltd bought a new position in Vail Resorts in the second quarter valued at about $222,000. Nykredit A S acquired a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $216,000. Finally, Coppell Advisory Solutions LLC bought a new position in Vail Resorts in the second quarter valued at approximately $497,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of a number of recent analyst reports. Mizuho set a $174.00 price target on Vail Resorts in a research note on Tuesday, June 9th. The Goldman Sachs Group began coverage on Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 price target on the stock. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Truist Financial lowered their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $149.83.

Vail Resorts Trading Down 0.0%

Shares of Vail Resorts stock opened at $134.91 on Monday. The stock has a market cap of $4.81 billion, a P/E ratio of 30.66, a P/E/G ratio of 8.90 and a beta of 0.69. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $163.34. The business’s 50 day moving average is $146.03 and its 200-day moving average is $137.05. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

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

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.