River Road Asset Management LLC Purchases 139,828 Shares of Vail Resorts, Inc. $MTN

River Road Asset Management LLC lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,498 shares of the company’s stock after buying an additional 139,828 shares during the period. River Road Asset Management LLC owned about 1.42% of Vail Resorts worth $67,529,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kazazian Asset Management LLC acquired a new position in Vail Resorts during the third quarter worth $1,296,000. Oasis Management Co Ltd. grew its position in Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after purchasing an additional 141,500 shares in the last quarter. Waratah Capital Advisors Ltd. grew its position in Vail Resorts by 31.5% in the third quarter. Waratah Capital Advisors Ltd. now owns 228,388 shares of the company’s stock valued at $34,160,000 after purchasing an additional 54,722 shares in the last quarter. CenterBook Partners LP increased its stake in Vail Resorts by 423.9% in the 3rd quarter. CenterBook Partners LP now owns 18,074 shares of the company’s stock valued at $2,703,000 after buying an additional 14,624 shares during the last quarter. Finally, CWM LLC increased its stake in Vail Resorts by 1,904.9% in the 4th quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after buying an additional 13,353 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MTN shares. Morgan Stanley reduced their price objective on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Truist Financial lowered their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a report on Tuesday, June 9th. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Stifel Nicolaus reduced their price target on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Vail Resorts has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts Stock Performance

NYSE MTN opened at $144.40 on Friday. The firm has a market capitalization of $5.15 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 12.04 and a beta of 0.72. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm’s fifty day moving average price is $129.18 and its two-hundred day moving average price is $135.11. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $172.00.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $10.54 EPS. As a group, research analysts anticipate that Vail Resorts, Inc. will post 4.37 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.1%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

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.