StockNews.com Upgrades Vail Resorts (NYSE:MTN) to Hold

Vail Resorts (NYSE:MTN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

A number of other research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Macquarie restated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research report on Wednesday, October 2nd. Finally, Morgan Stanley increased their target price on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $208.22.

Vail Resorts Stock Up 0.8 %

Vail Resorts stock opened at $167.97 on Monday. The business’s 50-day moving average price is $176.43 and its 200 day moving average price is $181.74. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Vail Resorts has a 52 week low of $165.00 and a 52 week high of $236.92.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.35) EPS. As a group, sell-side analysts anticipate that Vail Resorts will post 7.27 earnings per share for the current year.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of the stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Robert A. Katz sold 9,296 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Vail Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fairbanks Capital Management Inc. grew its holdings in shares of Vail Resorts by 2.5% in the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares during the period. Artemis Investment Management LLP boosted its holdings in Vail Resorts by 4.6% in the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after purchasing an additional 75 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after buying an additional 78 shares during the period. Signaturefd LLC increased its holdings in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Vail Resorts by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after buying an additional 84 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

About Vail Resorts

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.