Vail Resorts, Inc. (NYSE:MTN) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its stake in Vail Resorts, Inc. (NYSE:MTNGet Rating) by 33.7% in the 2nd quarter, Holdings Channel reports. The firm owned 640 shares of the company’s stock after selling 325 shares during the period. AdvisorNet Financial Inc’s holdings in Vail Resorts were worth $140,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $172,000. Ensign Peak Advisors Inc increased its holdings in Vail Resorts by 833.0% in the 4th quarter. Ensign Peak Advisors Inc now owns 13,715 shares of the company’s stock valued at $4,497,000 after purchasing an additional 12,245 shares during the last quarter. Nordea Investment Management AB increased its holdings in Vail Resorts by 16.7% in the 1st quarter. Nordea Investment Management AB now owns 156,356 shares of the company’s stock valued at $41,289,000 after purchasing an additional 22,380 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in Vail Resorts by 1.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 12,930 shares of the company’s stock valued at $3,365,000 after purchasing an additional 160 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Vail Resorts by 40.8% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 638 shares of the company’s stock valued at $166,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Ratings Changes

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

Vail Resorts Price Performance

Vail Resorts stock opened at $219.98 on Thursday. The stock has a market cap of $8.85 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The company has a fifty day simple moving average of $231.52 and a 200-day simple moving average of $239.84. Vail Resorts, Inc. has a 12-month low of $206.03 and a 12-month high of $376.24. The company has a current ratio of 2.22, a quick ratio of 2.11 and a debt-to-equity ratio of 1.30.

Vail Resorts Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTNGet Rating).

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

Receive News & Ratings for Vail Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts and related companies with MarketBeat.com's FREE daily email newsletter.