Legal & General Group Plc acquired a new stake in Vail Resorts, Inc. (NYSE:MTN – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,462 shares of the company’s stock, valued at approximately $7,415,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of MTN. BOKF NA raised its stake in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Vail Resorts by 83.3% during the fourth 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 purchased a new stake in Vail Resorts during the third quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Vail Resorts by 1,585.7% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.
Vail Resorts Trading Up 3.1%
Shares of Vail Resorts stock opened at $136.50 on Thursday. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 8.73 and a beta of 0.69. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $163.34. The company’s 50-day simple moving average is $146.04 and its 200-day simple moving average is $137.04. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.
Wall Street Analyst Weigh In
MTN has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings raised Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 28th. The Goldman Sachs Group assumed coverage on Vail Resorts in a report on Thursday, August 13th. They issued a “sell” rating and a $132.00 target price for the company. Finally, Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.83.
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.
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