Green Alpha Advisors LLC purchased a new stake in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,422 shares of the company’s stock, valued at approximately $738,000.
Several other hedge funds have also bought and sold shares of MTN. BOKF NA increased its holdings in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Danske Bank A S acquired a new stake in Vail Resorts during the third quarter valued at $30,000. Golden State Wealth Management LLC grew its position in Vail Resorts by 83.3% during the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position 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 during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on MTN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research note on Tuesday, July 7th. Truist Financial reduced their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. The Goldman Sachs Group initiated coverage on Vail Resorts in a report on Thursday, August 13th. They issued a “sell” rating and a $132.00 price objective on the stock. Finally, Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $149.83.
Vail Resorts Stock Performance
MTN opened at $152.93 on Friday. The firm’s fifty day simple moving average is $145.64 and its two-hundred day simple moving average is $136.73. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $165.50. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 9.91 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.
Vail Resorts (NYSE:MTN – Get Free Report) last released its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $10.54 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.
Vail Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.8%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s payout ratio is presently 201.82%.
About Vail Resorts
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 seasonālong 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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