SG Americas Securities LLC Acquires 10,456 Shares of Vail Resorts, Inc. $MTN

SG Americas Securities LLC boosted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 671.5% during the third quarter, Holdings Channel.com reports. The firm owned 12,013 shares of the company’s stock after acquiring an additional 10,456 shares during the quarter. SG Americas Securities LLC’s holdings in Vail Resorts were worth $1,797,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Vail Resorts in the second quarter worth $33,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Vail Resorts by 222.7% in the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 147 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Performance

Shares of MTN stock opened at $142.66 on Thursday. The company has a 50 day moving average price of $142.84 and a 200-day moving average price of $150.32. Vail Resorts, Inc. has a 52 week low of $129.41 and a 52 week high of $187.42. The firm has a market capitalization of $5.10 billion, a PE ratio of 20.92, a P/E/G ratio of 10.97 and a beta of 0.81. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. During the same quarter in the prior year, the firm earned ($4.61) earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Analyst Ratings Changes

MTN has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. Truist Financial decreased their target price on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a report on Monday, December 29th. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and upped their target price for the stock from $159.00 to $165.00 in a research note on Tuesday. Barclays cut their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus target price of $173.82.

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.