NewEdge Advisors LLC Has $2.19 Million Stock Holdings in Vail Resorts, Inc. $MTN

Key Points

• NewEdge Advisors significantly increased its Vail Resorts stake by 13,391.6% in the second quarter, ending with 16,055 shares valued at approximately $2.19 million.
• Institutional ownership is substantial, with hedge funds and other institutional investors holding 94.9% of Vail Resorts’ stock; several major firms initiated or expanded positions during the period.
• MTN shares opened at $138.09, below the analyst consensus price target of $149.83. Analysts collectively rate the stock “Hold,” with five Buy, seven Hold and three Sell ratings.

NewEdge Advisors LLC increased its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 13,391.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,055 shares of the company's stock after acquiring an additional 15,936 shares during the period. NewEdge Advisors LLC's holdings in Vail Resorts were worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY purchased a new stake in shares of Vail Resorts during the 2nd quarter worth about $889,971,000. BlackRock Inc. bought a new position in Vail Resorts during the second quarter valued at approximately $464,712,000. The Manufacturers Life Insurance Company acquired a new stake in Vail Resorts in the second quarter valued at approximately $131,418,000. HighTower Advisors LLC raised its holdings in shares of Vail Resorts by 15,313.2% during the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company's stock valued at $59,769,000 after purchasing an additional 447,146 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at $55,443,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Vail Resorts Stock Down 1.5%

Shares of MTN stock opened at $138.09 on Friday. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 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. The firm has a market cap of $4.92 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 9.24 and a beta of 0.69. The stock has a 50 day moving average of $145.30 and a 200-day moving average of $136.83.

Wall Street Analysts Forecast Growth

MTN has been the topic of several analyst reports. Zacks Research raised shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Stifel Nicolaus reduced their target price on Vail Resorts from $172.00 to $167.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on Vail Resorts from $124.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research report on Tuesday, June 9th. Finally, Truist Financial decreased their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $149.83.

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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