Vail Resorts, Inc. $MTN Shares Sold by Ariel Investments LLC

Ariel Investments LLC lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 3.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,332 shares of the company’s stock after selling 4,717 shares during the quarter. Ariel Investments LLC owned approximately 0.32% of Vail Resorts worth $18,751,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. SouthState Corp purchased a new stake in Vail Resorts during the 1st quarter worth about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after purchasing an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 7th. The shares were acquired at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. The trade was a 4.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTN. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Vail Resorts from $159.00 to $162.00 and gave the company a “hold” rating in a research report on Tuesday. Truist Financial cut their price target on Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Morgan Stanley increased their price target on Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Barclays lowered their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday, September 30th. Finally, Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus price target of $175.30.

Vail Resorts Stock Performance

Vail Resorts stock opened at $145.23 on Wednesday. The company has a market cap of $5.21 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. The stock’s 50-day moving average is $146.94 and its 200-day moving average is $152.55.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business had revenue of $271.29 million for the quarter, compared to analyst estimates of $272.87 million. During the same period last year, the company posted ($4.67) EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio is presently 119.84%.

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.