Cerity Partners LLC Buys 701 Shares of Vail Resorts, Inc. (NYSE:MTN)

Posted by Defense World Staff on Sep 4th, 2023

Cerity Partners LLC raised its position in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 24.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,602 shares of the company’s stock after purchasing an additional 701 shares during the quarter. Cerity Partners LLC’s holdings in Vail Resorts were worth $842,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MTN. First Horizon Advisors Inc. increased its position in shares of Vail Resorts by 66.7% during the fourth quarter. First Horizon Advisors Inc. now owns 145 shares of the company’s stock worth $35,000 after buying an additional 58 shares during the period. CENTRAL TRUST Co raised its position in shares of Vail Resorts by 875.0% in the 1st quarter. CENTRAL TRUST Co now owns 156 shares of the company’s stock worth $36,000 after acquiring an additional 140 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Vail Resorts by 203.5% in the 1st quarter. International Assets Investment Management LLC now owns 173 shares of the company’s stock valued at $40,000 after purchasing an additional 116 shares during the period. Natixis acquired a new position in shares of Vail Resorts in the 4th quarter valued at about $52,000. Finally, Covestor Ltd boosted its position in shares of Vail Resorts by 700.0% during the 1st quarter. Covestor Ltd now owns 280 shares of the company’s stock valued at $73,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $227.90 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.40 and a current ratio of 1.50. The firm’s 50-day simple moving average is $235.79 and its 200 day simple moving average is $237.62. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 4.57 and a beta of 1.19. Vail Resorts, Inc. has a fifty-two week low of $201.91 and a fifty-two week high of $269.50.

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

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Tuesday, June 27th were issued a $2.06 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $8.24 annualized dividend and a dividend yield of 3.62%. Vail Resorts’s dividend payout ratio is currently 113.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Vail Resorts from $222.00 to $223.00 in a report on Friday, June 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $256.00 to $254.00 in a research note on Friday, June 9th. Credit Suisse Group decreased their price target on shares of Vail Resorts from $333.00 to $321.00 in a research note on Friday, June 9th. Bank of America increased their price objective on shares of Vail Resorts from $250.00 to $285.00 in a research report on Friday, June 9th. Finally, StockNews.com began coverage on Vail Resorts in a research note on Thursday, August 17th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $257.50.

Check Out Our Latest Analysis on Vail Resorts

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.