Vail Resorts, Inc. $MTN Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 316.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,425 shares of the company’s stock after purchasing an additional 5,641 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vail Resorts were worth $1,011,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MTN. Hsbc Holdings PLC acquired a new stake in Vail Resorts in the second quarter worth about $213,000. Wellington Management Group LLP acquired a new position in Vail Resorts during the 2nd quarter valued at about $22,877,000. Empowered Funds LLC bought a new stake in shares of Vail Resorts during the 2nd quarter worth about $6,045,000. Public Employees Retirement System of Ohio bought a new stake in shares of Vail Resorts during the 2nd quarter worth about $1,360,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Vail Resorts in the 2nd quarter worth approximately $74,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Weiss Ratings upgraded Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 28th. JPMorgan Chase & Co. lifted their target price on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Truist Financial cut their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Five equities research 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 a consensus price target of $149.83.

Vail Resorts Stock Performance

MTN opened at $134.91 on Friday. The firm has a market cap of $4.81 billion, a PE ratio of 30.66, a P/E/G 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 business has a fifty day simple moving average of $146.03 and a 200-day simple moving average of $137.04. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $163.34.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $10.54 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

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.