MAC Alpha Capital Management LP Has $4.59 Million Holdings in Vail Resorts, Inc. $MTN

Key Points

• MAC Alpha Capital Management increased its Vail Resorts stake by 35.3% in the second quarter, holding 33,700 shares valued at approximately $4.59 million, or 0.09% of the company.
• Institutional ownership remains high, with hedge funds and other institutional investors holding 94.9% of Vail Resorts’ outstanding stock.
• Analyst sentiment is mixed but leans toward “Hold”: five analysts rate the stock Buy, seven Hold and three Sell, with a consensus price target of $150.17 versus its recent price of $139.99.

MAC Alpha Capital Management LP grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 35.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,700 shares of the company's stock after purchasing an additional 8,800 shares during the period. Vail Resorts comprises approximately 0.9% of MAC Alpha Capital Management LP's portfolio, making the stock its 16th biggest position. MAC Alpha Capital Management LP owned about 0.09% of Vail Resorts worth $4,589,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Vail Resorts during the second quarter worth about $32,000. Tidal Investments LLC lifted its position in Vail Resorts by 29.7% in the 2nd quarter. Tidal Investments LLC now owns 10,965 shares of the company's stock worth $1,493,000 after buying an additional 2,512 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Vail Resorts in the second quarter worth approximately $103,000. NewEdge Advisors LLC increased its stake in Vail Resorts by 13,391.6% in the 2nd quarter. NewEdge Advisors LLC now owns 16,055 shares of the company's stock worth $2,186,000 after purchasing an additional 15,936 shares during the period. Finally, Empirical Finance LLC bought a new stake in Vail Resorts in the second quarter valued at approximately $662,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $139.99 on Monday. The business has a fifty day moving average price of $145.09 and a 200-day moving average price of $136.87. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $163.34. The company has a market capitalization of $4.99 billion, a PE ratio of 31.82, a PEG ratio of 9.31 and a beta of 0.69.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Vail Resorts in a report on Thursday, August 13th. They set a "sell" rating and a $132.00 price target for the company. Mizuho set a $174.00 price objective on Vail Resorts in a research report on Tuesday, June 9th. Barclays reduced their target price on Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings cut shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Vail Resorts from $134.00 to $138.00 and gave the stock a "hold" rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $150.17.

About Vail Resorts

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company's resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.

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