Strs Ohio Sells 7,000 Shares of Vail Resorts, Inc. (NYSE:MTN)

Posted by on Jul 16th, 2023

Strs Ohio reduced its holdings in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,000 shares of the company’s stock after selling 7,000 shares during the quarter. Strs Ohio owned about 0.06% of Vail Resorts worth $10,749,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Select Equity Group L.P. increased its holdings in Vail Resorts by 80.5% in the fourth quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company’s stock worth $622,582,000 after purchasing an additional 1,165,211 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Vail Resorts by 8.4% during the fourth quarter. Macquarie Group Ltd. now owns 724,725 shares of the company’s stock valued at $172,738,000 after acquiring an additional 56,361 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Vail Resorts by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 544,149 shares of the company’s stock valued at $129,544,000 after acquiring an additional 30,114 shares in the last quarter. Fred Alger Management LLC increased its holdings in shares of Vail Resorts by 8.2% during the fourth quarter. Fred Alger Management LLC now owns 429,153 shares of the company’s stock valued at $102,289,000 after acquiring an additional 32,623 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $98,690,000. 95.95% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 1.5 %

MTN stock opened at $244.78 on Friday. The stock’s fifty day simple moving average is $245.50 and its two-hundred day simple moving average is $242.47. The company has a current ratio of 1.50, a quick ratio of 1.40 and a debt-to-equity ratio of 1.73. Vail Resorts, Inc. has a 1-year low of $201.91 and a 1-year high of $269.50. The stock has a market cap of $9.44 billion, a P/E ratio of 33.81, a P/E/G ratio of 6.74 and a beta of 1.21.

Vail Resorts (NYSE:MTN – Get Free Report) last issued its quarterly earnings results on Thursday, June 8th. The company reported $8.18 EPS for the quarter, missing analysts’ consensus estimates of $8.88 by ($0.70). Vail Resorts had a net margin of 9.98% and a return on equity of 17.00%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company earned $9.16 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Vail Resorts, Inc. will post 6.74 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Tuesday, June 27th were given a dividend of $2.06 per share. The ex-dividend date of this dividend was Monday, June 26th. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.37%. Vail Resorts’s dividend payout ratio is presently 113.81%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MTN shares. StockNews.com started coverage on Vail Resorts in a report on Thursday, May 18th. They set a “hold” rating for the company. 3M reaffirmed a “maintains” rating on shares of Vail Resorts in a research report on Friday, June 9th. Bank of America lifted their target price on Vail Resorts from $250.00 to $285.00 in a research report on Friday, June 9th. Barclays lifted their target price on Vail Resorts from $222.00 to $223.00 in a research report on Friday, June 9th. Finally, Jefferies Financial Group lifted their target price on Vail Resorts from $232.00 to $245.00 in a research report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $262.22.

About Vail Resorts

(Free Report)

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.

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

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