Vail Resorts, Inc. $MTN Shares Purchased by London Co. of Virginia

London Co. of Virginia increased its position in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 14.7% during the first quarter, Holdings Channel.com reports. The fund owned 117,855 shares of the company’s stock after acquiring an additional 15,141 shares during the quarter. London Co. of Virginia’s holdings in Vail Resorts were worth $15,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Epoch Investment Partners Inc. boosted its position in shares of Vail Resorts by 14.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 387,454 shares of the company’s stock valued at $49,718,000 after purchasing an additional 48,476 shares in the last quarter. Entropy Technologies LP grew its stake in shares of Vail Resorts by 7.9% in the 1st quarter. Entropy Technologies LP now owns 8,471 shares of the company’s stock worth $1,087,000 after purchasing an additional 621 shares during the last quarter. Orvieto Partners L.P. raised its holdings in shares of Vail Resorts by 33.3% in the 1st quarter. Orvieto Partners L.P. now owns 40,000 shares of the company’s stock worth $5,133,000 after purchasing an additional 10,000 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Vail Resorts by 38.4% in the 1st quarter. Sei Investments Co. now owns 186,667 shares of the company’s stock worth $23,953,000 after purchasing an additional 51,748 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Vail Resorts by 8.4% during the first quarter. Cetera Investment Advisers now owns 6,657 shares of the company’s stock valued at $854,000 after purchasing an additional 514 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

MTN stock opened at $145.92 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The firm has a market capitalization of $5.20 billion, a PE ratio of 33.16, a P/E/G ratio of 13.68 and a beta of 0.71. The firm has a 50-day moving average of $138.19 and a two-hundred day moving average of $135.01.

Vail Resorts (NYSE:MTNGet Free Report) last announced its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.54 earnings per share. On average, analysts forecast that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio is 201.82%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Stifel Nicolaus dropped their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Truist Financial cut their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Finally, Barclays reduced their price objective on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Vail Resorts has an average rating of “Hold” and an average price target of $151.45.

Read Our Latest Stock Analysis on Vail Resorts

About Vail Resorts

(Free Report)

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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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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