Vail Resorts (NYSE:MTN) had its price target upped by equities researchers at KeyCorp from $240.00 to $250.00 in a research report issued on Monday, April 1st, The Fly reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 13.21% from the company’s previous close.
MTN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Barclays decreased their target price on shares of Vail Resorts from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, December 10th. Deutsche Bank set a $297.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Saturday, December 8th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vail Resorts in a research report on Friday, January 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $260.66.
Shares of MTN traded up $4.02 during mid-day trading on Monday, hitting $220.83. 506,231 shares of the company’s stock were exchanged, compared to its average volume of 462,637. Vail Resorts has a 52 week low of $179.60 and a 52 week high of $302.76. The stock has a market capitalization of $8.72 billion, a PE ratio of 35.11 and a beta of 0.65. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80.
In other news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $216.47, for a total value of $216,470.00. Following the transaction, the director now owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the sale, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at $976,381.23. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Virtu Financial LLC acquired a new position in Vail Resorts during the fourth quarter worth $601,000. Highwater Wealth Management LLC acquired a new stake in Vail Resorts in the fourth quarter valued at $32,000. Strs Ohio grew its holdings in Vail Resorts by 175.9% in the fourth quarter. Strs Ohio now owns 81,847 shares of the company’s stock valued at $17,254,000 after purchasing an additional 52,181 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Vail Resorts by 58.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 16,050 shares of the company’s stock valued at $3,384,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Vail Resorts by 151.5% in the third quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after purchasing an additional 143,471 shares during the last quarter. Institutional investors own 99.19% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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