Wellington Management Group LLP Acquires Shares of 168,028 Vail Resorts, Inc. $MTN

Wellington Management Group LLP purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 168,028 shares of the company’s stock, valued at approximately $22,877,000.

Other hedge funds have also recently bought and sold shares of the company. BOKF NA grew its holdings in shares of Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the period. Danske Bank A S bought a new stake in Vail Resorts during the third quarter worth $30,000. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Vail Resorts by 1,585.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

NYSE MTN opened at $134.91 on Friday. The firm has a market cap of $4.81 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 8.90 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The company’s 50 day moving average is $146.03 and its 200-day moving average is $137.04. Vail Resorts, Inc. has a 12-month low of $118.51 and a 12-month high of $163.34.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTN. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Truist Financial lowered their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Mizuho set a $174.00 price objective on Vail Resorts in a report on Tuesday, June 9th. Stifel Nicolaus reduced their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $149.83.

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.