Cerity Partners LLC Cuts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,527 shares of the company’s stock after selling 2,498 shares during the period. Cerity Partners LLC’s holdings in Vail Resorts were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Bamco Inc. NY grew its holdings in shares of Vail Resorts by 2.0% during the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company’s stock worth $991,713,000 after buying an additional 105,410 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Vail Resorts by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock valued at $696,687,000 after purchasing an additional 25,916 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock valued at $264,686,000 after purchasing an additional 5,788 shares during the period. TPG GP A LLC grew its holdings in shares of Vail Resorts by 19.9% in the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company’s stock valued at $194,289,000 after purchasing an additional 172,082 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 42.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after purchasing an additional 289,484 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. Bank of America increased their price target on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Morgan Stanley restated an “equal weight” rating on shares of Vail Resorts in a research note on Friday, June 6th. UBS Group cut their target price on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 11th. Finally, Truist Financial cut their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $187.20.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 200 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were bought at an average price of $157.00 per share, with a total value of $31,400.00. Following the completion of the transaction, the chief financial officer directly owned 3,156 shares in the company, valued at $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $159.57 on Tuesday. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. The business’s fifty day moving average price is $156.59 and its two-hundred day moving average price is $157.56. The firm has a market capitalization of $5.93 billion, a PE ratio of 20.41, a P/E/G ratio of 1.96 and a beta of 0.91.

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

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date was Tuesday, June 24th. Vail Resorts’s dividend payout ratio (DPR) is currently 113.55%.

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.