Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 22.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 109,560 shares of the company’s stock after selling 31,024 shares during the period. Envestnet Asset Management Inc. owned 0.29% of Vail Resorts worth $17,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its position in Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock worth $165,000 after buying an additional 69 shares in the last quarter. Aurora Investment Managers LLC. boosted its holdings in Vail Resorts by 1.1% in the first quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company’s stock valued at $1,522,000 after acquiring an additional 104 shares during the last quarter. ProShare Advisors LLC raised its position in Vail Resorts by 6.7% in the fourth quarter. ProShare Advisors LLC now owns 1,751 shares of the company’s stock valued at $328,000 after purchasing an additional 110 shares during the period. State of Alaska Department of Revenue raised its position in Vail Resorts by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company’s stock valued at $701,000 after purchasing an additional 110 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after acquiring an additional 116 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.2%

Vail Resorts stock opened at $158.15 on Friday. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm’s fifty day moving average price is $156.31 and its two-hundred day moving average price is $158.08. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping the consensus estimate of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.54 earnings per share. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.61%. Vail Resorts’s dividend payout ratio (DPR) is 113.55%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 200 shares of the business’s stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares of the company’s stock, valued at approximately $495,492. This trade represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the subject of several research analyst reports. UBS Group lowered their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. Bank of America boosted their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 28th. Mizuho raised their price objective on Vail Resorts from $215.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. Finally, Truist Financial decreased their target price on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $187.20.

About Vail Resorts

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.