Northwestern Mutual Wealth Management Co. Grows Holdings in Vail Resorts, Inc. $MTN

Northwestern Mutual Wealth Management Co. boosted its position in Vail Resorts, Inc. (NYSE:MTN) by 316.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,425 shares of the company’s stock after buying an additional 5,641 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Vail Resorts were worth $1,011,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after purchasing an additional 201,750 shares during the last quarter. Oasis Management Co Ltd. boosted its stake in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after buying an additional 141,500 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Vail Resorts during the second quarter worth approximately $464,712,000. Peregrine Capital Management LLC acquired a new stake in Vail Resorts in the first quarter valued at $4,605,000. Finally, Empowered Funds LLC acquired a new position in Vail Resorts during the 2nd quarter worth $6,045,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Truist Financial reduced their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings upgraded Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $149.83.

Vail Resorts Stock Down 0.8%

Vail Resorts stock opened at $134.91 on Friday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $163.34. The company has a 50-day simple moving average of $146.03 and a 200-day simple moving average of $137.04. The firm has a market capitalization of $4.81 billion, a P/E ratio of 30.66, a P/E/G ratio of 8.90 and a beta of 0.69.

Vail Resorts (NYSE:MTN) last posted 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 net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $10.54 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts expect that Vail Resorts, Inc. will post 4.32 earnings per share for the current 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.