River Road Asset Management LLC boosted its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 37.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 508,498 shares of the company’s stock after acquiring an additional 139,828 shares during the period. River Road Asset Management LLC’s holdings in Vail Resorts were worth $67,529,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. BOKF NA boosted its position in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Danske Bank A S acquired a new position in Vail Resorts in the 3rd quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.
Vail Resorts Price Performance
Shares of Vail Resorts stock opened at $144.40 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 12.04 and a beta of 0.72. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $172.00. The company has a 50-day simple moving average of $129.18 and a two-hundred day simple moving average of $135.11.
Vail Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s payout ratio is 201.82%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on MTN shares. Truist Financial lowered their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Morgan Stanley reduced their price objective on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Barclays decreased their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Finally, Stifel Nicolaus dropped their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.45.
Read Our Latest Research Report on Vail Resorts
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.
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