New York Life Investment Management LLC Acquires New Holdings in Vail Resorts, Inc. (NYSE:MTN)

Posted by on Jun 6th, 2023

New York Life Investment Management LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,147 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management lifted its holdings in shares of Vail Resorts by 110.1% during the fourth quarter. Spire Wealth Management now owns 229 shares of the company’s stock worth $55,000 after purchasing an additional 120 shares during the period. Covestor Ltd grew its position in shares of Vail Resorts by 700.0% in the 1st quarter. Covestor Ltd now owns 280 shares of the company’s stock valued at $73,000 after buying an additional 245 shares during the last quarter. Guardian Wealth Advisors LLC acquired a new stake in shares of Vail Resorts in the third quarter valued at about $67,000. Creative Financial Designs Inc. ADV bought a new position in shares of Vail Resorts during the fourth quarter worth about $86,000. Finally, Richard W. Paul & Associates LLC acquired a new position in shares of Vail Resorts in the fourth quarter worth approximately $101,000. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTN. Credit Suisse Group decreased their target price on shares of Vail Resorts from $380.00 to $333.00 in a research report on Friday, March 10th. Truist Financial decreased their price objective on shares of Vail Resorts from $292.00 to $262.00 and set a “hold” rating for the company in a research report on Friday, March 10th. StockNews.com started coverage on shares of Vail Resorts in a report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet upgraded Vail Resorts from a “c+” rating to a “b-” rating in a report on Tuesday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Vail Resorts from $262.00 to $231.00 and set a “neutral” rating for the company in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $261.11.

Vail Resorts Stock Performance

Shares of MTN opened at $252.42 on Tuesday. The stock has a 50-day moving average of $240.15 and a 200-day moving average of $243.30. Vail Resorts, Inc. has a one year low of $201.91 and a one year high of $269.50. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.37 and a quick ratio of 1.27. The company has a market cap of $19.40 billion, a PE ratio of 30.71, a P/E/G ratio of 6.59 and a beta of 1.21.

Vail Resorts (NYSE:MTN – Get Rating) last announced its quarterly earnings data on Monday, March 13th. The company reported $5.16 EPS for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). Vail Resorts had a net margin of 11.88% and a return on equity of 18.53%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $5.47 EPS. The company’s revenue was up 21.5% on a year-over-year basis. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.63 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Monday, March 27th were issued a dividend of $2.06 per share. This is an increase from Vail Resorts’s previous quarterly dividend of $1.91. The ex-dividend date was Friday, March 24th. This represents a $8.24 annualized dividend and a yield of 3.26%. Vail Resorts’s dividend payout ratio is presently 100.24%.

Vail Resorts Company Profile

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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