Jupiter Topco LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,698 shares of the company's stock, valued at approximately $2,140,000.
A number of other institutional investors and hedge funds have also bought and sold shares of MTN. Clearstead Advisors LLC lifted its stake in shares of Vail Resorts by 21.5% in the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company's stock worth $56,000 after buying an additional 75 shares in the last quarter. Comerica Bank increased its position in shares of Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company's stock valued at $2,625,000 after acquiring an additional 78 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Vail Resorts by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company's stock valued at $1,104,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Vail Resorts by 32.9% in the 4th quarter. UMB Bank n.a. now owns 440 shares of the company's stock worth $58,000 after acquiring an additional 109 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.
Vail Resorts Stock Down 0.3%
Shares of Vail Resorts stock opened at $135.85 on Friday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 8.99 and a beta of 0.69. The company's 50 day moving average is $146.10 and its 200 day moving average is $137.05. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $163.34. 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 - Get Free Report) last posted its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts' consensus estimates of $8.97 by ($0.16). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $10.54 EPS. Research analysts anticipate that Vail Resorts, Inc. will post 4.32 EPS for the current year.
Analysts Set New Price Targets
MTN has been the topic of several recent analyst reports. UBS Group reiterated a "neutral" rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Weiss Ratings upgraded Vail Resorts from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 28th. The Goldman Sachs Group assumed coverage on Vail Resorts in a research note on Thursday, August 13th. They issued a "sell" rating and a $132.00 price target for the company. Barclays lowered their price target on Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $143.00 to $134.00 and set a "hold" rating on the stock in a research report on Tuesday, June 9th. Five research 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 MarketBeat, the company presently has an average rating of "Hold" and an average price target of $149.83.
Get Our Latest Research Report on Vail Resorts
Vail Resorts Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Vail Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vail Resorts wasn't on the list.
While Vail Resorts currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
