Rice Hall James & Associates LLC increased its stake in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 5.9% during the first quarter, HoldingsChannel.com reports. The fund owned 116,793 shares of the company’s stock after buying an additional 6,509 shares during the period. Rice Hall James & Associates LLC’s holdings in Vail Resorts were worth $14,987,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. BOKF NA boosted its position in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 period. Danske Bank A S acquired a new stake in Vail Resorts during the 3rd quarter worth about $30,000. Golden State Wealth Management LLC raised its holdings in 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. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Vail Resorts by 1,585.7% during the fourth 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 in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.
Vail Resorts Trading Up 1.3%
NYSE:MTN opened at $145.92 on Friday. The stock has a market cap of $5.20 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 13.68 and a beta of 0.71. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $165.50. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The stock’s 50-day moving average is $138.19 and its two-hundred day moving average is $135.01.
Vail Resorts Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on MTN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Mizuho set a $174.00 price objective on shares of Vail Resorts in a research note on Tuesday, June 9th. Barclays decreased their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Finally, Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Five 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 stock presently has a consensus rating of “Hold” and an average price target of $151.45.
Check Out Our Latest 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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