Rice Hall James & Associates LLC Sells 5,440 Shares of Vail Resorts, Inc. $MTN

Rice Hall James & Associates LLC decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 110,284 shares of the company’s stock after selling 5,440 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Vail Resorts were worth $14,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. BOKF NA increased its position in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC increased its position in Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the period. Danske Bank A S bought a new position in Vail Resorts during the 3rd quarter worth $30,000. Golden State Wealth Management LLC increased its position in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Stock Up 0.8%

Shares of NYSE MTN opened at $134.36 on Tuesday. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00. The stock has a market capitalization of $4.79 billion, a P/E ratio of 30.54, a PEG ratio of 12.35 and a beta of 0.72. The stock’s fifty day moving average is $128.76 and its 200 day moving average is $135.17.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $10.54 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Sell-side analysts forecast that Vail Resorts, Inc. will post 4.37 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $2.22 dividend. The ex-dividend date is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.6%. Vail Resorts’s dividend payout ratio (DPR) is presently 201.82%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MTN shares. Stifel Nicolaus lowered their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Truist Financial lowered their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Finally, Mizuho set a $174.00 price target on Vail Resorts in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.45.

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.