SG Americas Securities LLC Decreases Stake in Vail Resorts, Inc. $MTN

SG Americas Securities LLC cut its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,257 shares of the company’s stock after selling 5,760 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Vail Resorts worth $2,856,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MTN. Oasis Management Co Ltd. boosted its position in shares of Vail Resorts by 8.3% during the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after acquiring an additional 141,500 shares during the last quarter. CWM LLC increased its position in Vail Resorts by 1,904.9% in the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock worth $1,866,000 after purchasing an additional 13,353 shares during the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in Vail Resorts in the third quarter worth $15,574,000. Oak Thistle LLC increased its position in Vail Resorts by 244.9% in the fourth quarter. Oak Thistle LLC now owns 13,523 shares of the company’s stock worth $1,796,000 after purchasing an additional 9,602 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Vail Resorts by 945.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after purchasing an additional 18,957 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company started coverage on shares of Vail Resorts in a research report on Wednesday, March 11th. They set an “equal weight” rating and a $135.00 price objective for the company. Barclays reduced their target price 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. Stifel Nicolaus decreased their target price on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Truist Financial lowered their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Finally, Morgan Stanley dropped their price target 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. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Up 0.8%

NYSE MTN opened at $136.24 on Wednesday. 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, Inc. has a 52 week low of $118.51 and a 52 week high of $172.00. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 12.69 and a beta of 0.72. The company has a fifty day moving average of $130.76 and a two-hundred day moving average of $134.98.

Vail Resorts (NYSE:MTN) last announced 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). The firm had revenue of $1.21 billion during 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 company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.54 EPS. On average, analysts predict that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, June 25th. Vail Resorts’s dividend payout ratio is 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.