Man Group plc Takes $1.18 Million Position in Vail Resorts, Inc. $MTN

Man Group plc bought a new position in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,666 shares of the company’s stock, valued at approximately $1,180,000.

A number of other hedge funds also recently made changes to their positions in the company. Jupiter Topco LLC bought a new position in Vail Resorts during the second quarter valued at approximately $2,140,000. J. Goldman & Co LP purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $427,000. Hsbc Holdings PLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $213,000. Legal & General Group Plc bought a new position in shares of Vail Resorts during the 2nd quarter valued at approximately $7,415,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Vail Resorts during the 2nd quarter valued at approximately $131,418,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MTN. Mizuho set a $174.00 price target on shares of Vail Resorts in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Truist Financial dropped their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. The Goldman Sachs Group began coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 target price on the stock. Finally, Barclays lowered their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Five 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, the company has an average rating of “Hold” and an average price target of $149.83.

Vail Resorts Stock Performance

NYSE:MTN opened at $136.50 on Thursday. The firm has a market capitalization of $4.86 billion, a PE ratio of 31.02, a PEG ratio of 8.73 and a beta of 0.69. The stock’s fifty day moving average is $146.04 and its 200 day moving average is $137.04. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $163.34. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned $10.54 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 4.32 earnings per share for the current year.

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.