Artisan Partners Limited Partnership Trims Stock Holdings in Vail Resorts, Inc. $MTN

Artisan Partners Limited Partnership lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 343,082 shares of the company’s stock after selling 18,099 shares during the quarter. Artisan Partners Limited Partnership owned about 0.96% of Vail Resorts worth $51,315,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MTN. Goldman Sachs Group Inc. lifted its holdings in shares of Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after acquiring an additional 3,440 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after purchasing an additional 2,824 shares during the period. CWM LLC lifted its stake in Vail Resorts by 101.5% during the second quarter. CWM LLC now owns 526 shares of the company’s stock worth $83,000 after purchasing an additional 265 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Vail Resorts during the second quarter worth $367,000. Finally, AlphaQuest LLC acquired a new stake in shares of Vail Resorts in the second quarter valued at $384,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTN has been the topic of several research reports. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Truist Financial reduced their price target on shares of Vail Resorts from $237.00 to $234.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $156.00 price objective on shares of Vail Resorts in a research note on Wednesday, January 14th. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Barclays set a $140.00 price objective on Vail Resorts in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $173.27.

Vail Resorts Price Performance

Shares of MTN opened at $135.43 on Friday. Vail Resorts, Inc. has a twelve month low of $126.15 and a twelve month high of $175.51. The firm’s fifty day simple moving average is $137.96 and its 200-day simple moving average is $145.86. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 8.51 and a beta of 0.81. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52.

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

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

About Vail Resorts

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.