Heartland Advisors Inc. Sells 3,659 Shares of Vail Resorts, Inc. $MTN

Heartland Advisors Inc. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 11.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,521 shares of the company’s stock after selling 3,659 shares during the period. Heartland Advisors Inc. owned approximately 0.08% of Vail Resorts worth $3,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BOKF NA boosted its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts in the third quarter valued at $30,000. Golden State Wealth Management LLC increased its position in Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 222 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial reduced their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a research note on Tuesday, June 9th. Finally, Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Up 0.2%

Shares of Vail Resorts stock opened at $148.17 on Monday. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $166.16. The firm’s 50 day moving average price is $135.85 and its 200-day moving average price is $134.59. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The company has a market cap of $5.28 billion, a P/E ratio of 33.68, a PEG ratio of 13.88 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 earnings per share 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 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 quarter last year, the business earned $10.54 earnings per share. On average, sell-side analysts predict that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts’s dividend payout ratio is currently 201.82%.

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.