Bamco Inc. NY Sells 892,764 Shares of Vail Resorts, Inc. $MTN

Bamco Inc. NY reduced its stake in Vail Resorts, Inc. (NYSE:MTN) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,809,928 shares of the company’s stock after selling 892,764 shares during the period. Vail Resorts accounts for 1.7% of Bamco Inc. NY’s portfolio, making the stock its 15th largest position. Bamco Inc. NY owned approximately 0.13% of Vail Resorts worth $638,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MTN. Goldman Sachs Group Inc. raised its stake in Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after buying an additional 2,824 shares in the last quarter. Prudential Financial Inc. raised its stake in Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock worth $525,000 after buying an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Vail Resorts during the second quarter valued at approximately $2,119,000. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTN. Truist Financial decreased their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note 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 for the company in a research note on Tuesday, June 9th. Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Morgan Stanley decreased their target price on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a research note 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $130.01 on Thursday. The company has a 50 day simple moving average of $128.88 and a two-hundred day simple moving average of $135.08. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 12.66 and a beta of 0.72.

Vail Resorts (NYSE:MTN) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $10.54 EPS. Analysts expect that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.8%. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Vail Resorts Company 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.