Chesley Taft & Associates LLC Makes New Investment in Vail Resorts, Inc. (NYSE:MTN)

Chesley Taft & Associates LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTNGet Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,205 shares of the company’s stock, valued at approximately $263,000.

Several other large investors have also recently made changes to their positions in the business. Amalgamated Bank raised its stake in shares of Vail Resorts by 9.0% during the first quarter. Amalgamated Bank now owns 9,275 shares of the company’s stock worth $2,414,000 after acquiring an additional 764 shares in the last quarter. Offit Capital Advisors LLC raised its stake in shares of Vail Resorts by 7.0% during the first quarter. Offit Capital Advisors LLC now owns 2,371 shares of the company’s stock worth $617,000 after acquiring an additional 155 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Vail Resorts by 22.9% during the first quarter. Bank of America Corp DE now owns 291,939 shares of the company’s stock worth $75,982,000 after acquiring an additional 54,362 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Vail Resorts by 7.4% during the first quarter. Verition Fund Management LLC now owns 6,725 shares of the company’s stock worth $1,751,000 after acquiring an additional 461 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Vail Resorts during the first quarter worth approximately $3,191,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on MTN shares. Barclays started coverage on shares of Vail Resorts in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $217.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Vail Resorts from $379.00 to $383.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $302.00 to $301.00 in a research note on Friday, June 10th. Truist Financial lifted their target price on shares of Vail Resorts from $278.00 to $281.00 and gave the stock a “hold” rating in a research note on Friday, June 10th. Finally, KeyCorp set a $300.00 target price on shares of Vail Resorts in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $295.71.

Vail Resorts Stock Down 3.4 %

Shares of Vail Resorts stock opened at $222.11 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.11 and a debt-to-equity ratio of 1.30. The company’s fifty day simple moving average is $230.75 and its two-hundred day simple moving average is $240.28. The company has a market cap of $8.94 billion, a P/E ratio of 28.85, a PEG ratio of 0.62 and a beta of 1.20. Vail Resorts, Inc. has a 12-month low of $206.03 and a 12-month high of $376.24.

Vail Resorts Profile

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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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