Stephens Inc. AR Trims Stock Position in Vail Resorts, Inc. $MTN

Stephens Inc. AR cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 97.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,575 shares of the company’s stock after selling 55,000 shares during the quarter. Stephens Inc. AR’s holdings in Vail Resorts were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MTN. Goldman Sachs Group Inc. grew its holdings in Vail Resorts by 2.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after buying an additional 3,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Vail Resorts by 1.9% in the first 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 acquiring an additional 2,824 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock worth $525,000 after acquiring an additional 600 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Vail Resorts in the second quarter valued at $2,119,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of analyst reports. Truist Financial decreased their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Mizuho set a $174.00 target price on shares of Vail Resorts in a research note on Tuesday, June 9th. Barclays reduced their target price on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Trading Down 2.5%

Shares of MTN opened at $147.68 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $5.26 billion, a P/E ratio of 33.56, a price-to-earnings-growth ratio of 14.21 and a beta of 0.71. The stock’s fifty day simple moving average is $134.48 and its 200 day simple moving average is $134.39. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $166.16.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $10.54 EPS. On average, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s payout ratio is currently 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 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.