Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTNGet Rating) by 52.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453 shares of the company’s stock after selling 494 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Vail Resorts were worth $99,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Evoke Wealth LLC boosted its holdings in shares of Vail Resorts by 16.3% during the 2nd quarter. Evoke Wealth LLC now owns 14,129 shares of the company’s stock worth $3,108,000 after purchasing an additional 1,978 shares during the last quarter. Kinneret Advisory LLC boosted its holdings in shares of Vail Resorts by 2.2% during the 2nd quarter. Kinneret Advisory LLC now owns 2,365 shares of the company’s stock worth $520,000 after purchasing an additional 50 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Vail Resorts by 1,392.6% during the 2nd quarter. Fifth Third Bancorp now owns 8,030 shares of the company’s stock worth $1,751,000 after purchasing an additional 7,492 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in Vail Resorts by 20.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 7,159 shares of the company’s stock valued at $1,561,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Vail Resorts by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $218,000 after acquiring an additional 500 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Stock Up 6.6 %

Vail Resorts stock opened at $230.26 on Friday. Vail Resorts, Inc. has a twelve month low of $201.91 and a twelve month high of $358.38. The stock’s fifty day simple moving average is $219.05 and its 200-day simple moving average is $230.13. The company has a current ratio of 1.61, a quick ratio of 1.51 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $9.28 billion, a P/E ratio of 27.12, a P/E/G ratio of 5.06 and a beta of 1.12.

Vail Resorts (NYSE:MTNGet Rating) last posted its quarterly earnings data on Wednesday, September 28th. The company reported ($2.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.01) by $0.31. Vail Resorts had a return on equity of 18.88% and a net margin of 13.77%. The business had revenue of $267.14 million for the quarter, compared to analyst estimates of $262.00 million. During the same quarter in the prior year, the company earned ($3.49) earnings per share. The company’s revenue was up 30.8% on a year-over-year basis. As a group, equities analysts expect that Vail Resorts, Inc. will post 9.15 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 24th. Shareholders of record on Wednesday, October 5th were paid a $1.91 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $7.64 annualized dividend and a yield of 3.32%. Vail Resorts’s dividend payout ratio is presently 89.99%.

Analysts Set New Price Targets

MTN has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Vail Resorts in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial decreased their price objective on Vail Resorts from $281.00 to $270.00 in a report on Thursday, September 29th. Stifel Nicolaus decreased their price objective on Vail Resorts from $273.00 to $228.00 and set a “hold” rating on the stock in a report on Monday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $286.00 to $283.00 and set a “hold” rating on the stock in a report on Thursday, September 29th. Finally, Barclays upped their price objective on Vail Resorts from $217.00 to $224.00 and gave the company an “underweight” rating in a report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $285.57.

About Vail Resorts

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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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