TD Waterhouse Canada Inc. lowered its stake in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 35.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,377 shares of the company’s stock after selling 4,042 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Vail Resorts were worth $1,006,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Nykredit A S acquired a new stake in shares of Vail Resorts during the second quarter valued at about $216,000. Coppell Advisory Solutions LLC purchased a new position in shares of Vail Resorts during the 2nd quarter worth approximately $497,000. PYA Waltman Capital LLC increased its holdings in Vail Resorts by 3.0% in the 2nd quarter. PYA Waltman Capital LLC now owns 27,733 shares of the company’s stock valued at $3,776,000 after purchasing an additional 816 shares during the last quarter. Quantitative Investment Management LLC increased its holdings in Vail Resorts by 201.7% in the 2nd quarter. Quantitative Investment Management LLC now owns 4,858 shares of the company’s stock valued at $661,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Vail Resorts by 316.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,425 shares of the company’s stock valued at $1,011,000 after purchasing an additional 5,641 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Vail Resorts Trading Down 2.1%
NYSE:MTN opened at $130.17 on Thursday. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $163.34. The firm has a market cap of $4.64 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 8.77 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The stock has a fifty day moving average price of $145.83 and a 200 day moving average price of $136.88.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $143.00 to $134.00 and set a “hold” 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 research note on Friday, August 28th. Barclays lowered their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Truist Financial dropped their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, The Goldman Sachs Group started coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 price target on the stock. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average price target of $149.83.
Get Our Latest Research Report on Vail Resorts
About Vail Resorts
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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