Simplicity Solutions LLC Has $599,000 Stake in Vail Resorts, Inc. (NYSE:MTN)

Simplicity Solutions LLC trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,806 shares of the company’s stock after selling 107 shares during the period. Simplicity Solutions LLC’s holdings in Vail Resorts were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. increased its holdings in Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Park Place Capital Corp boosted its position in Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after purchasing an additional 101 shares during the period. Rise Advisors LLC boosted its position in Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the period. Belpointe Asset Management LLC boosted its position in Vail Resorts by 215.7% during the first quarter. Belpointe Asset Management LLC now owns 221 shares of the company’s stock worth $52,000 after purchasing an additional 151 shares during the period. Finally, Natixis bought a new position in Vail Resorts during the fourth quarter worth $52,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Vail Resorts Trading Down 1.8 %

Shares of Vail Resorts stock opened at $219.63 on Thursday. The stock has a market cap of $8.34 billion, a PE ratio of 36.67, a PEG ratio of 2.37 and a beta of 1.11. The firm has a 50-day moving average of $225.53 and a 200-day moving average of $221.27. Vail Resorts, Inc. has a 52-week low of $204.88 and a 52-week high of $258.13. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96.

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

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is 148.25%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MTN. 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. Truist Financial reaffirmed a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a research report on Friday, January 19th. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Mizuho began 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 for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $266.33.

Insider Activity at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Vail Resorts Company 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.