Marathon Asset Management Ltd Sells 5,287 Shares of Vail Resorts, Inc. (NYSE:MTN)

Marathon Asset Management Ltd reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,251 shares of the company’s stock after selling 5,287 shares during the quarter. Marathon Asset Management Ltd’s holdings in Vail Resorts were worth $15,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTN. Capital Performance Advisors LLP purchased a new stake in shares of Vail Resorts during the third quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $33,000. Blue Trust Inc. increased its position in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Vail Resorts in the 4th quarter worth approximately $40,000. Finally, Venturi Wealth Management LLC grew its position in shares of Vail Resorts by 165.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock valued at $56,000 after acquiring an additional 200 shares during the period. 94.94% of the stock is owned by institutional investors.

Vail Resorts Price Performance

Shares of MTN opened at $159.14 on Monday. Vail Resorts, Inc. has a fifty-two week low of $154.27 and a fifty-two week high of $235.81. The firm’s 50 day moving average price is $172.98 and its 200 day moving average price is $176.90. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a market cap of $5.96 billion, a P/E ratio of 26.44, a PEG ratio of 1.93 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter in the prior year, the business earned ($4.60) EPS. Vail Resorts’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.58%. Vail Resorts’s dividend payout ratio is presently 147.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MTN shares. JPMorgan Chase & Co. lowered their target price on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Mizuho upped their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Macquarie raised their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Profile

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.