Segall Bryant & Hamill LLC Takes $969,000 Position in Vail Resorts, Inc. $MTN

Segall Bryant & Hamill LLC bought a new stake in shares of Vail Resorts, Inc. (NYSE:MTN) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,994 shares of the company’s stock, valued at approximately $969,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Capital World Investors raised its holdings in Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock worth $424,488,000 after purchasing an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. boosted its stake 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 purchasing an additional 141,500 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after purchasing an additional 201,750 shares in the last quarter. UBS Group AG increased its position in shares of Vail Resorts by 22.4% during the third quarter. UBS Group AG now owns 713,531 shares of the company’s stock valued at $106,723,000 after buying an additional 130,460 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Vail Resorts by 13.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 680,278 shares of the company’s stock worth $90,342,000 after buying an additional 78,970 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on MTN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Stifel Nicolaus decreased their target price on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday. Barclays reduced their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Finally, Truist Financial lowered their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $151.45.

Vail Resorts Stock Up 0.8%

Vail Resorts stock opened at $150.85 on Thursday. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50. The stock has a fifty day simple moving average of $142.26 and a two-hundred day simple moving average of $135.77. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 9.87 and a beta of 0.70.

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

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given 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 5.9%. Vail Resorts’s dividend payout ratio 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.