Advisors Asset Management Inc. Invests $1.06 Million in Vail Resorts, Inc. $MTN

Advisors Asset Management Inc. purchased a new position in Vail Resorts, Inc. (NYSE:MTN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,087 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds have also bought and sold shares of the company. NBT Bank N A NY increased its stake in shares of Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 buying an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Vail Resorts in the second quarter worth $33,000. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTN. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Morgan Stanley set a $150.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Wall Street Zen downgraded shares of 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 for the company in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.27.

Vail Resorts Trading Up 2.4%

NYSE:MTN opened at $137.54 on Wednesday. The company has a market cap of $4.92 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 8.15 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. The company has a 50 day simple moving average of $140.29 and a two-hundred day simple moving average of $146.29. Vail Resorts, Inc. has a 12 month low of $126.15 and a 12 month high of $175.51.

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

Vail Resorts Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 annualized dividend and a dividend yield of 6.5%. Vail Resorts’s dividend payout ratio is presently 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.