Vail Resorts, Inc. (NYSE:MTN) Shares Bought by Creative Planning

Posted by on Oct 19th, 2023

Creative Planning grew its position in shares of Vail Resorts, Inc. (NYSE:MTN – Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,325 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Creative Planning’s holdings in Vail Resorts were worth $585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MTN. Torray Investment Partners LLC raised its stake in shares of Vail Resorts by 1.6% during the second quarter. Torray Investment Partners LLC now owns 9,857 shares of the company’s stock valued at $2,482,000 after purchasing an additional 159 shares in the last quarter. Aurora Investment Managers LLC. raised its stake in shares of Vail Resorts by 1.5% during the second quarter. Aurora Investment Managers LLC. now owns 7,396 shares of the company’s stock valued at $1,862,000 after purchasing an additional 106 shares in the last quarter. Marks Group Wealth Management Inc bought a new stake in shares of Vail Resorts during the second quarter valued at about $201,000. Campbell Capital Management Inc. raised its stake in shares of Vail Resorts by 31.3% during the second quarter. Campbell Capital Management Inc. now owns 17,201 shares of the company’s stock valued at $4,330,000 after purchasing an additional 4,101 shares in the last quarter. Finally, Virtue Capital Management LLC bought a new stake in shares of Vail Resorts during the second quarter valued at about $336,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Price Performance

NYSE MTN opened at $222.68 on Thursday. The stock’s 50-day moving average price is $230.52 and its two-hundred day moving average price is $238.27. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 2.06. The company has a market cap of $8.50 billion, a PE ratio of 34.13, a PEG ratio of 1.76 and a beta of 1.18. Vail Resorts, Inc. has a 1 year low of $206.16 and a 1 year high of $269.50.

Vail Resorts (NYSE:MTN – Get Free Report) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($3.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.28) by ($0.07). The company had revenue of $269.77 million for the quarter, compared to analyst estimates of $282.26 million. Vail Resorts had a return on equity of 17.12% and a net margin of 9.28%. Vail Resorts’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($2.70) EPS. On average, analysts predict that Vail Resorts, Inc. will post 9.08 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $2.06 per share. The ex-dividend date is Friday, October 6th. This represents a $8.24 annualized dividend and a yield of 3.70%. Vail Resorts’s dividend payout ratio (DPR) is presently 125.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MTN. TheStreet cut shares of Vail Resorts from a “b-” rating to a “c+” rating in a research note on Monday, October 9th. StockNews.com began coverage on shares of Vail Resorts in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $263.00 to $290.00 in a research report on Thursday, September 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $231.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $268.00 price target on the stock in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $271.33.

Read Our Latest Report on Vail Resorts

Vail Resorts Profile

(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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