Heartland Advisors Inc. Decreases Holdings in Vail Resorts, Inc. $MTN

Heartland Advisors Inc. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 42.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,591 shares of the company’s stock after selling 26,957 shares during the period. Heartland Advisors Inc.’s holdings in Vail Resorts were worth $5,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after purchasing an additional 3,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Vail Resorts by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after buying an additional 2,824 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Vail Resorts by 76.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,731 shares of the company’s stock valued at $586,000 after acquiring an additional 1,622 shares during the last quarter. CWM LLC increased its holdings in Vail Resorts by 101.5% during the 2nd quarter. CWM LLC now owns 526 shares of the company’s stock valued at $83,000 after acquiring an additional 265 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Vail Resorts by 161.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 11,072 shares of the company’s stock valued at $1,740,000 after acquiring an additional 6,835 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTN. Truist Financial reduced their price target on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Barclays set a $140.00 target price on Vail Resorts in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $156.00 price objective on shares of Vail Resorts in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $173.27.

Vail Resorts Stock Up 2.4%

Shares of MTN opened at $137.54 on Wednesday. Vail Resorts, Inc. has a fifty-two week low of $126.15 and a fifty-two week high of $175.51. The company’s fifty day moving average is $140.29 and its two-hundred day moving average is $146.29. The firm has a market cap of $4.92 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 8.15 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 released its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The business had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. During the same period in the prior year, the firm posted ($4.61) EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

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.