Eldred Rock Partners LLC Cuts Stock Holdings in Vail Resorts, Inc. $MTN

Eldred Rock Partners LLC reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 80,674 shares of the company’s stock after selling 10,002 shares during the quarter. Vail Resorts comprises about 2.8% of Eldred Rock Partners LLC’s portfolio, making the stock its 21st biggest holding. Eldred Rock Partners LLC’s holdings in Vail Resorts were worth $10,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bamco Inc. NY grew its position in Vail Resorts by 4.1% during the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after buying an additional 227,143 shares during the period. Capital International Investors boosted its stake in shares of Vail Resorts by 1.5% during the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock worth $748,248,000 after acquiring an additional 74,528 shares in the last quarter. Capital World Investors boosted its stake in shares of Vail Resorts by 67.0% during the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock worth $450,724,000 after acquiring an additional 1,208,874 shares in the last quarter. UBS Group AG grew its position in shares of Vail Resorts by 22.4% during the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after acquiring an additional 130,460 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Vail Resorts by 6.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 601,308 shares of the company’s stock valued at $89,931,000 after acquiring an additional 34,941 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 190 shares of the stock in a transaction on Monday, March 16th. The shares were bought at an average price of $131.85 per share, with a total value of $25,051.50. Following the purchase, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. This trade represents a 3.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert A. Katz bought 37,500 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the acquisition, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at approximately $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Morgan Stanley cut their price objective on Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Weiss Ratings raised Vail Resorts from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 25th. Truist Financial decreased their target price on Vail Resorts from $234.00 to $217.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Stifel Nicolaus dropped their price target on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Five 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’s stock. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $165.00.

Vail Resorts Trading Up 2.2%

Shares of Vail Resorts stock opened at $131.07 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 21.38, a P/E/G ratio of 9.26 and a beta of 0.79. Vail Resorts, Inc. has a twelve month low of $123.82 and a twelve month high of $175.51. The firm’s 50-day moving average price is $135.46 and its 200 day moving average price is $142.12. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $6.56 earnings per share. Vail Resorts’s quarterly revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

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.