Vail Resorts, Inc. (NYSE:MTN) Holdings Trimmed by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,695 shares of the company’s stock after selling 32,086 shares during the quarter. Federated Hermes Inc.’s holdings in Vail Resorts were worth $30,888,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Aspire Private Capital LLC raised its position in Vail Resorts by 6.3% during the fourth quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock valued at $195,869,595,000 after buying an additional 49 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Vail Resorts by 5.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after purchasing an additional 50 shares during the period. Kinneret Advisory LLC lifted its position 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 worth $607,000 after purchasing an additional 51 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Vail Resorts by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company’s stock worth $4,317,000 after purchasing an additional 51 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Vail Resorts by 4.2% during the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock worth $303,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vail Resorts Trading Down 5.0 %

Vail Resorts stock opened at $202.94 on Friday. Vail Resorts, Inc. has a one year low of $202.74 and a one year high of $258.13. The company’s fifty day moving average price is $224.95 and its two-hundred day moving average price is $221.25. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.15 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 (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $5.16 EPS. The business’s revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that Vail Resorts, Inc. will post 7.69 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $2.22 dividend. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. Vail Resorts’s dividend payout ratio (DPR) is currently 148.25%.

Insider Transactions at Vail Resorts

In related news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

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.