Equities researchers at Deutsche Bank started coverage on shares of Vail Resorts (NYSE:MTN) in a research report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other analysts also recently issued reports about the company. Janney Montgomery Scott reissued a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Bank of America raised their target price on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and issued a $232.00 target price (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners reissued a “buy” rating and issued a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Finally, Zacks Investment Research downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $250.63.
Shares of Vail Resorts (NYSE:MTN) opened at $218.43 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.56 and a quick ratio of 0.41. Vail Resorts has a 52-week low of $159.65 and a 52-week high of $237.77. The stock has a market capitalization of $8,989.07, a price-to-earnings ratio of 44.57 and a beta of 0.45.
In other news, Chairman Robert A. Katz sold 55,976 shares of Vail Resorts stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the completion of the transaction, the chairman now directly owns 496,166 shares in the company, valued at $109,325,216.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Patricia A. Campbell sold 5,515 shares of Vail Resorts stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $222.41, for a total value of $1,226,591.15. Following the completion of the transaction, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 236,742 shares of company stock valued at $51,804,735. 3.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Vail Resorts by 2,861.3% during the first quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock worth $339,173,000 after buying an additional 1,707,766 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Vail Resorts by 76.8% during the first quarter. William Blair Investment Management LLC now owns 1,312,463 shares of the company’s stock worth $251,862,000 after purchasing an additional 570,087 shares during the last quarter. Eagle Asset Management lifted its stake in Vail Resorts by 83.4% during the third quarter. Eagle Asset Management now owns 858,752 shares of the company’s stock worth $89,894,000 after purchasing an additional 390,460 shares during the last quarter. Norges Bank bought a new stake in Vail Resorts during the fourth quarter worth about $48,741,000. Finally, Valinor Management L.P. bought a new stake in Vail Resorts during the first quarter worth about $64,748,000. Institutional investors own 94.52% of the company’s stock.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
