Envestnet Asset Management Inc. Has $8.58 Million Stock Holdings in Vail Resorts, Inc. $MTN

Envestnet Asset Management Inc. cut its position in Vail Resorts, Inc. (NYSE:MTN) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,352 shares of the company’s stock after selling 22,991 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Vail Resorts worth $8,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitchell & Pahl Private Wealth LLC increased its holdings in Vail Resorts by 2.4% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock worth $557,000 after purchasing an additional 87 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Vail Resorts by 3.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,896 shares of the company’s stock valued at $455,000 after buying an additional 94 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Vail Resorts by 0.9% in the third quarter. Arizona State Retirement System now owns 10,993 shares of the company’s stock valued at $1,644,000 after purchasing an additional 97 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Vail Resorts by 0.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 16,585 shares of the company’s stock valued at $2,606,000 after buying an additional 108 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Vail Resorts by 9.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,363 shares of the company’s stock worth $214,000 after purchasing an additional 113 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MTN. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $156.00 price objective on shares of Vail Resorts in a research note on Wednesday, January 14th. Truist Financial decreased their target price on Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Barclays set a $140.00 price target on shares of Vail Resorts in a report on Wednesday, February 4th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. lifted their target price on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $173.27.

Vail Resorts Price Performance

Shares of MTN opened at $143.24 on Friday. The stock has a market cap of $5.13 billion, a P/E ratio of 21.00, a P/E/G ratio of 8.62 and a beta of 0.81. The business’s fifty day moving average is $140.06 and its 200 day moving average is $146.24. Vail Resorts, Inc. has a 12-month low of $126.15 and a 12-month high of $175.51. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last posted its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($4.61) EPS. Sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a $2.22 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 annualized dividend and a dividend yield of 6.2%. Vail Resorts’s dividend payout ratio is currently 130.21%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.