Verition Fund Management LLC Boosts Stake in Vail Resorts, Inc. (NYSE:MTN)

Verition Fund Management LLC raised its position in shares of Vail Resorts, Inc. (NYSE:MTNGet Rating) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,725 shares of the company’s stock after acquiring an additional 461 shares during the period. Verition Fund Management LLC’s holdings in Vail Resorts were worth $1,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of Vail Resorts by 7.6% during the fourth quarter. HighTower Advisors LLC now owns 6,084 shares of the company’s stock worth $2,011,000 after purchasing an additional 431 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Vail Resorts by 224.3% during the fourth quarter. Citigroup Inc. now owns 21,958 shares of the company’s stock worth $7,200,000 after purchasing an additional 15,187 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Vail Resorts during the fourth quarter worth about $385,000. Rhumbline Advisers lifted its stake in shares of Vail Resorts by 2.7% during the fourth quarter. Rhumbline Advisers now owns 44,600 shares of the company’s stock worth $14,624,000 after purchasing an additional 1,174 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of Vail Resorts by 4.8% during the fourth quarter. abrdn plc now owns 8,720 shares of the company’s stock worth $2,859,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Analyst Ratings Changes

MTN has been the topic of several recent analyst reports. Barclays initiated coverage on Vail Resorts in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $217.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $302.00 to $301.00 in a research note on Friday, June 10th. Truist Financial boosted their price target on Vail Resorts from $278.00 to $281.00 and gave the stock a “hold” rating in a research note on Friday, June 10th. Credit Suisse Group boosted their price target on Vail Resorts from $379.00 to $383.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th. Finally, KeyCorp set a $300.00 price target on Vail Resorts in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $295.71.

Vail Resorts Stock Up 1.5 %

Shares of Vail Resorts stock opened at $225.47 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30. The firm has a market cap of $9.08 billion, a P/E ratio of 29.28, a P/E/G ratio of 0.62 and a beta of 1.20. Vail Resorts, Inc. has a fifty-two week low of $206.03 and a fifty-two week high of $376.24. The business has a 50-day moving average price of $231.06 and a 200 day moving average price of $240.08.

About Vail Resorts

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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.

See Also

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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