Frank Rimerman Advisors LLC Buys 3,397 Shares of Vail Resorts, Inc. $MTN

Frank Rimerman Advisors LLC increased its stake in Vail Resorts, Inc. (NYSE:MTN) by 98.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,853 shares of the company’s stock after buying an additional 3,397 shares during the period. Frank Rimerman Advisors LLC’s holdings in Vail Resorts were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its stake in shares of Vail Resorts by 4.1% in the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after acquiring an additional 227,143 shares during the last quarter. Capital World Investors increased its holdings in shares of Vail Resorts by 6.1% during the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after acquiring an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. raised its position in shares of Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the last quarter. UBS Group AG raised its position in shares of Vail Resorts by 22.4% in the 3rd quarter. UBS Group AG now owns 713,531 shares of the company’s stock worth $106,723,000 after purchasing an additional 130,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Vail Resorts by 13.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company’s stock worth $90,342,000 after purchasing an additional 78,970 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MTN shares. Mizuho set a $174.00 price objective on shares of Vail Resorts in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Truist Financial dropped their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Finally, Barclays cut their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $147.63 on Friday. The firm’s 50-day moving average price is $132.94 and its 200-day moving average price is $134.25. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $172.00. The company has a market cap of $5.26 billion, a PE ratio of 33.55, a PEG ratio of 13.48 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data 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). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $10.54 earnings per share. As a group, analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a dividend of $2.22 per share. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. Vail Resorts’s payout ratio is currently 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.