Heartland Advisors Inc. Lowers Holdings in Vail Resorts, Inc. $MTN

Heartland Advisors Inc. reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,521 shares of the company’s stock after selling 3,659 shares during the quarter. Heartland Advisors Inc.’s holdings in Vail Resorts were worth $3,531,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BOKF NA grew its stake in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted 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 valued at $27,000 after purchasing an additional 155 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Danske Bank A S purchased a new stake in Vail Resorts during the third quarter worth $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Trading Up 0.2%

MTN opened at $148.17 on Monday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The company’s 50 day simple moving average is $135.85 and its two-hundred day simple moving average is $134.59. Vail Resorts, Inc. has a 1-year low of $118.51 and a 1-year high of $166.16. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 13.88 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $10.54 earnings per share. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts expect that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s dividend payout ratio is presently 201.82%.

Analyst Ratings Changes

MTN has been the topic of several analyst reports. Stifel Nicolaus dropped their price target 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 dropped their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut their price target on 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 reiterated a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Finally, Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $151.45.

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.