168,028 Shares in Vail Resorts, Inc. $MTN Acquired by Wellington Management Group LLP

Wellington Management Group LLP bought a new stake in Vail Resorts, Inc. (NYSE:MTN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 168,028 shares of the company’s stock, valued at approximately $22,877,000. Wellington Management Group LLP owned 0.47% of Vail Resorts as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MTN. Clearstead Advisors LLC raised its holdings in shares of Vail Resorts by 21.5% during the 4th quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after buying an additional 75 shares in the last quarter. Comerica Bank lifted its stake in Vail Resorts by 0.4% in the 3rd quarter. Comerica Bank now owns 17,552 shares of the company’s stock valued at $2,625,000 after purchasing an additional 78 shares during the last quarter. State of Michigan Retirement System boosted its position in Vail Resorts by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock valued at $1,104,000 after buying an additional 100 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Vail Resorts by 83.3% during 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 in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Vail Resorts by 32.9% during the 4th quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Performance

Shares of MTN stock opened at $134.91 on Friday. The stock has a market capitalization of $4.81 billion, a PE ratio of 30.66, a PEG ratio of 8.90 and a beta of 0.69. The business’s 50 day simple moving average is $146.03 and its 200 day simple moving average is $137.04. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. Vail Resorts, Inc. has a one year low of $118.51 and a one year 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 for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.Vail Resorts’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $10.54 EPS. As a group, research analysts forecast that Vail Resorts, Inc. will post 4.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MTN shares. Stifel Nicolaus dropped their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price target for the company. Weiss Ratings raised shares of Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 28th. Finally, Mizuho set a $174.00 price target on shares of Vail Resorts in a report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.83.

Vail Resorts Company 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.