Vail Resorts (NYSE:MTN) Raised to “Hold” at StockNews.com

Vail Resorts (NYSE:MTN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts also recently issued reports on MTN. Macquarie boosted their price target on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday. Mizuho upped their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley lifted their price target on shares of Vail Resorts from $182.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $205.50.

Vail Resorts Stock Performance

Shares of MTN opened at $193.93 on Friday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.97 and a beta of 1.14. The business’s fifty day simple moving average is $177.00 and its two-hundred day simple moving average is $178.87. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.60) EPS. Research analysts anticipate that Vail Resorts will post 7.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert A. Katz sold 9,296 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the sale, the insider now directly owns 245,961 shares of the company’s stock, valued at $43,284,216.78. This represents a 3.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Vail Resorts in the 2nd quarter worth approximately $257,000. Envestnet Portfolio Solutions Inc. boosted its stake in Vail Resorts by 25.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock worth $1,439,000 after buying an additional 1,626 shares during the period. Assenagon Asset Management S.A. increased its position in Vail Resorts by 620.0% during the second quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock valued at $2,992,000 after acquiring an additional 14,303 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Vail Resorts in the second quarter valued at $1,486,000. Finally, Raymond James & Associates lifted its holdings in shares of Vail Resorts by 29.3% in the 2nd quarter. Raymond James & Associates now owns 87,539 shares of the company’s stock worth $15,768,000 after acquiring an additional 19,857 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 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.