Empirical Finance LLC Purchases New Shares in Vail Resorts, Inc. $MTN

Empirical Finance LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,859 shares of the company’s stock, valued at approximately $662,000.

A number of other institutional investors have also recently bought and sold shares of MTN. BOKF NA raised its holdings in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of 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 buying an additional 100 shares during the period. Danske Bank A S acquired a new position in shares of Vail Resorts in the third quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of 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 acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

MTN has been the topic of a number of recent analyst reports. Truist Financial cut 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. The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research note on Thursday, August 13th. They issued a “sell” rating and a $132.00 price objective for the company. Weiss Ratings upgraded shares of Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 28th. Barclays cut their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Finally, JPMorgan Chase & Co. increased their target price on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $149.83.

Vail Resorts Trading Up 2.9%

Shares of NYSE MTN opened at $134.12 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $163.34. The business has a 50-day moving average price of $145.70 and a two-hundred day moving average price of $136.82. The firm has a market capitalization of $4.78 billion, a PE ratio of 30.48, a PEG ratio of 8.60 and a beta of 0.69.

Vail Resorts (NYSE:MTN) last issued its earnings results 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 analyst estimates of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.54 EPS. As a group, analysts predict that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Vail Resorts Profile

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.