Wealthfront Advisers LLC Invests $42.53 Million in Vail Resorts, Inc. (NYSE:MTN)

Wealthfront Advisers LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 226,900 shares of the company's stock, valued at approximately $42,532,000. Wealthfront Advisers LLC owned approximately 0.61% of Vail Resorts as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vail Resorts by 29.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,850 shares of the company's stock worth $322,000 after acquiring an additional 425 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Vail Resorts in the third quarter worth $271,000. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts in the third quarter worth $25,000. Atria Investments Inc raised its position in shares of Vail Resorts by 10.9% in the 3rd quarter. Atria Investments Inc now owns 6,864 shares of the company's stock worth $1,196,000 after purchasing an additional 676 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Vail Resorts by 20.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,972 shares of the company's stock worth $518,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Stock Performance

MTN stock opened at $154.06 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The business's fifty day simple moving average is $168.90 and its two-hundred day simple moving average is $176.04. Vail Resorts, Inc. has a twelve month low of $151.99 and a twelve month high of $233.57. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.93 and a beta of 1.12.

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Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $5.76 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. Analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays restated an "underweight" rating on shares of Vail Resorts in a research report on Monday. Truist Financial cut their target price on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research report on Tuesday, December 10th. StockNews.com raised Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $199.44.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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