Ceredex Value Advisors LLC Takes Position in Vail Resorts, Inc. $MTN

Ceredex Value Advisors LLC purchased a new stake in Vail Resorts, Inc. (NYSE:MTN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 77,375 shares of the company’s stock, valued at approximately $10,535,000.

A number of other institutional investors have also recently added to or reduced their stakes in MTN. BOKF NA boosted its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Vail Resorts by 815.8% in the 2nd 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. Golden State Wealth Management LLC increased its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts during the 3rd quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MTN. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Stifel Nicolaus cut their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Barclays reduced their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Finally, Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $150.21 on Friday. The business has a 50-day simple moving average of $145.25 and a 200-day simple moving average of $136.61. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The company has a market cap of $5.35 billion, a PE ratio of 34.14, a P/E/G ratio of 10.10 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $10.54 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.9%. Vail Resorts’s dividend payout ratio is currently 201.82%.

Vail Resorts 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.