HighTower Advisors LLC Has $97 Million Position in Vail Resorts, Inc. $MTN

Key Points

• HighTower Advisors increased its Vail Resorts stake by 22.7% in the second quarter, holding 712,430 shares valued at approximately $97 million, or 2% of the company. Institutional investors and hedge funds collectively own 94.9% of MTN.
• Analyst sentiment is mixed, with five Buy, eight Hold, and two Sell ratings. The stock has a consensus rating of Hold and an average price target of $149.83.
• Vail Resorts reported quarterly EPS of $8.81, below the $8.97 consensus estimate, while revenue reached $1.21 billion. Revenue declined 7% year over year, and the stock recently opened at $134.91.

HighTower Advisors LLC raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 712,430 shares of the company's stock after purchasing an additional 131,898 shares during the period. HighTower Advisors LLC owned 2.00% of Vail Resorts worth $96,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BOKF NA lifted its position in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Danske Bank A S bought a new stake in Vail Resorts during the 3rd quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company's stock valued at $31,000 after purchasing an additional 222 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Vail Resorts from $172.00 to $167.00 and set a "buy" rating for the company in a research note on Tuesday, June 9th. Barclays lowered their price objective on Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 9th. Truist Financial lowered their price target on shares of Vail Resorts from $212.00 to $195.00 and set a "buy" rating on the stock in a report on Tuesday, June 9th. UBS Group reaffirmed a "neutral" rating on shares of Vail Resorts in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $149.83.

Vail Resorts Stock Down 0.0%

MTN opened at $134.91 on Monday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 8.90 and a beta of 0.69. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm's 50-day simple moving average is $146.03 and its 200-day simple moving average is $137.05. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $163.34.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (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 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 company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $10.54 earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 4.32 EPS 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.

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.