PNC Financial Services Group Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 51.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,768 shares of the company’s stock after selling 6,110 shares during the period. PNC Financial Services Group Inc.’s holdings in Vail Resorts were worth $1,280,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTN. Headlands Technologies LLC acquired a new position in Vail Resorts in the 2nd quarter worth approximately $25,000. Pittenger & Anderson Inc. lifted its position in Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Vail Resorts in the 2nd quarter worth approximately $37,000. Belpointe Asset Management LLC lifted its position in Vail Resorts by 215.7% in the 1st quarter. Belpointe Asset Management LLC now owns 221 shares of the company’s stock worth $52,000 after buying an additional 151 shares in the last quarter. Finally, Natixis purchased a new stake in Vail Resorts in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 94.94% of the company’s stock.
Vail Resorts Stock Performance
NYSE:MTN opened at $234.98 on Friday. Vail Resorts, Inc. has a 1 year low of $204.88 and a 1 year high of $258.13. The firm’s fifty day simple moving average is $221.21 and its 200 day simple moving average is $224.12. The company has a current ratio of 0.83, a quick ratio of 0.72 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $8.92 billion, a PE ratio of 43.60, a PEG ratio of 1.85 and a beta of 1.13.
Vail Resorts (NYSE:MTN – Get Free Report) last posted its quarterly earnings results on Thursday, December 7th. The company reported ($4.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.59) by ($0.01). The company had revenue of $258.57 million during the quarter, compared to analyst estimates of $272.88 million. Vail Resorts had a return on equity of 16.28% and a net margin of 8.00%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.40) earnings per share. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 8.95 EPS for the current year.
Vail Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th were given a $2.06 dividend. The ex-dividend date was Friday, December 22nd. This represents a $8.24 annualized dividend and a yield of 3.51%. Vail Resorts’s dividend payout ratio is 152.88%.
Insiders Place Their Bets
In other news, Director Hilary Schneider sold 2,565 shares of Vail Resorts stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $226.40, for a total transaction of $580,716.00. Following the sale, the director now directly owns 14,799 shares in the company, valued at approximately $3,350,493.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MTN. Truist Financial reiterated a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Morgan Stanley cut their target price on shares of Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating for the company in a research report on Friday, December 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $270.00.
Get Our Latest Research Report on Vail Resorts
About Vail Resorts
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.
Featured Stories
Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vail Resorts, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Vail Resorts wasn’t on the list.
While Vail Resorts currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Do you expect the global demand for energy to shrink?! If not, it’s time to take a look at how energy stocks can play a part in your portfolio.
Source: marketbeat.com
