Vail Resorts, Inc. (MTN)

Over the past six months, Vail Resorts' stock price has declined, with the share price at $126.49 as of March 27, 2026. The stock was impacted by Q2 fiscal 2026 earnings miss due to adverse weather conditions, weak snowfall and early closures, a federal antitrust lawsuit alleging coordinated pricing, a leadership shift with Rob Katz replacing Kirsten Lynch as CEO, and the introduction of lower Epic Pass prices for young adults aged 18-30.

Demand for Vail Resorts' products and services is highly seasonal, driven by the winter ski season. The Epic Pass program helps mitigate this seasonality by securing over $1 billion in advance revenue. Actual visitation and revenue can still be significantly impacted by weather conditions. Historically, a seasonal analysis of MTN stock suggests a "Buy Date of March 5 and a Sell Date of July 2" for outperforming the S&P 500.

Vail Resorts, Inc. operates in the Consumer Cyclical sector, focusing on Leisure & Recreation Services and Resorts & Casinos. The company owns, operates, and markets destination and regional ski resorts, offering lift tickets (notably through the Epic Pass), lodging, ski school programs, dining, equipment rental, and retail. Vail Resorts also manages luxury hotels and condominiums under the RockResorts brand and is involved in real estate development.

Vail Resorts is headquartered in Broomfield, Colorado, and has a significant geographic footprint across North America, Europe, and Australia. In the United States, it has a substantial presence in Colorado, Utah, California, Vermont, and Michigan. Canadian operations are anchored by Whistler Blackcomb in British Columbia. Internationally, Vail Resorts has expanded into Europe with majority ownership in Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland, and in Australia through resorts like Perisher, Hotham, and Falls Creek.

Vail Resorts has received positive recognition for its brand reputation, being named one of the "Most Trustworthy Companies in America" by Newsweek for multiple years and one of the "World's Most Innovative Companies" by Fast Company. It was also recognized as one of "America's Most Admired Workplaces" and one of TIME's "America's Best Mid-Sized Companies". However, the antitrust lawsuit could negatively impact the company's reputation.

Vail Resorts, Inc. has high institutional ownership, with 465 institutional owners and shareholders holding a total of 40,149,780 shares, accounting for approximately 90.3% to 94.9% of the company. Major institutional owners include Bamco Inc /ny/, Capital International Investors, Vanguard Group Inc, BlackRock, Inc., Capital World Investors, Oasis Management Co Ltd., Charles Schwab Investment Management Inc, State Street Corp, First Pacific Advisors, LP and Harris Associates L P.