Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its stake in Vail Resorts, Inc. (NYSE:MTN) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,976 shares of the company’s stock after selling 1,037 shares during the period. Orion Portfolio Solutions LLC’s holdings in Vail Resorts were worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTN. FMR LLC lifted its holdings in shares of Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after purchasing an additional 190,210 shares during the period. Captrust Financial Advisors lifted its stake in shares of Vail Resorts by 13.8% in the 3rd quarter. Captrust Financial Advisors now owns 2,363 shares of the company’s stock worth $412,000 after acquiring an additional 286 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Vail Resorts in the third quarter valued at about $335,000. Point72 Asset Management L.P. acquired a new position in shares of Vail Resorts during the third quarter worth about $35,264,000. Finally, Quarry LP raised its holdings in Vail Resorts by 418.6% during the third quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after purchasing an additional 293 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Angela A. Korch bought 185 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $144.94 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The company’s 50-day moving average price is $161.95 and its 200 day moving average price is $173.37. Vail Resorts, Inc. has a 52 week low of $144.83 and a 52 week high of $233.57. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 1.93 and a beta of 0.93.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $5.76 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.13%. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MTN. Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Stifel Nicolaus lifted their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial cut their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Barclays restated an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Finally, Morgan Stanley reduced their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Company Profile

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.