Rockefeller Capital Management L.P. Takes $2.01 Million Position in Vail Resorts, Inc. $MTN

Rockefeller Capital Management L.P. purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,783 shares of the company’s stock, valued at approximately $2,009,000.

A number of other institutional investors have also recently bought and sold shares of the business. SouthState Corp bought a new stake in Vail Resorts in the first quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after acquiring an additional 147 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Vail Resorts by 217.6% in the 2nd quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after acquiring an additional 148 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 210 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares in the company, valued at approximately $760,275. This represents a 4.47% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 0.2%

Shares of Vail Resorts stock opened at $137.07 on Monday. The firm has a 50-day moving average of $148.69 and a 200-day moving average of $153.24. The stock has a market cap of $4.92 billion, a PE ratio of 18.50, a PEG ratio of 2.50 and a beta of 0.90. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. During the same period in the prior year, the business posted ($4.67) earnings per share. Vail Resorts’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 9th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 6.5%. Vail Resorts’s dividend payout ratio (DPR) is currently 119.84%.

Analyst Upgrades and Downgrades

A number of research firms have commented on MTN. Morgan Stanley lifted their price objective on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Mizuho cut their target price on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Barclays reduced their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a report on Tuesday, September 30th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $175.60.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.