Marathon Asset Management Ltd Has $11.78 Million Stock Holdings in Vail Resorts, Inc. $MTN

Marathon Asset Management Ltd lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 87,443 shares of the company’s stock after selling 8,623 shares during the quarter. Marathon Asset Management Ltd’s holdings in Vail Resorts were worth $11,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTN. BOKF NA raised its position in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Danske Bank A S acquired a new stake in Vail Resorts in the 3rd quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new stake in Vail Resorts in the 4th quarter valued at approximately $43,000. Finally, Employees Retirement System of Texas acquired a new stake in Vail Resorts in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Performance

MTN opened at $123.81 on Wednesday. The business has a fifty day simple moving average of $128.76 and a 200 day simple moving average of $136.70. The company has a market capitalization of $4.41 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 10.45 and a beta of 0.70. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $175.51.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $6.56 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Research analysts expect that Vail Resorts, Inc. will post 4.79 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, March 26th. This represents a $8.88 annualized dividend and a dividend yield of 7.2%. Vail Resorts’s dividend payout ratio is presently 144.86%.

Insider Activity at Vail Resorts

In related news, CEO Robert A. Katz acquired 37,500 shares of the stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the purchase, the chief executive officer directly owned 285,312 shares in the company, valued at $37,606,974.72. This trade represents a 15.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Angela A. Korch acquired 190 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $131.85 per share, with a total value of $25,051.50. Following the completion of the purchase, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. The trade was a 3.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MTN shares. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. JPMorgan Chase & Co. lowered their price target on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Stifel Nicolaus lowered their price target on Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Finally, Truist Financial lowered their price target on Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $161.82.

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.