Vail Resorts, Inc. (NYSE:MTN) Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,546 shares of the company’s stock after selling 1,514 shares during the period. Mutual of America Capital Management LLC’s holdings in Vail Resorts were worth $5,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aspire Private Capital LLC raised its holdings in Vail Resorts by 6.3% during the fourth quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock worth $195,869,595,000 after purchasing an additional 49 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Vail Resorts by 5.6% in the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after buying an additional 50 shares in the last quarter. Kinneret Advisory LLC increased its holdings in shares of Vail Resorts by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock valued at $607,000 after buying an additional 51 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Vail Resorts by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company’s stock valued at $4,317,000 after buying an additional 51 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Vail Resorts by 4.2% in the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock valued at $303,000 after buying an additional 55 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Ratings Changes

MTN has been the topic of several research reports. Truist Financial reaffirmed a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Morgan Stanley lifted their price objective on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Finally, Mizuho initiated coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average price target of $266.33.

Vail Resorts Stock Down 1.1 %

Vail Resorts stock opened at $226.97 on Monday. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.41 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. Vail Resorts, Inc. has a fifty-two week low of $204.88 and a fifty-two week high of $258.13. The firm has a fifty day moving average price of $225.39 and a two-hundred day moving average price of $221.38.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 EPS. As a group, analysts forecast that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 3.91%. Vail Resorts’s payout ratio is currently 148.25%.

Insiders Place Their Bets

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Profile

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.