Sequoia Financial Advisors LLC Has $19.98 Million Position in Vail Resorts, Inc. $MTN

Sequoia Financial Advisors LLC increased its position in Vail Resorts, Inc. (NYSE:MTN) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 127,152 shares of the company’s stock after acquiring an additional 197 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vail Resorts were worth $19,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 111 Capital increased its stake in shares of Vail Resorts by 116.3% in the second quarter. 111 Capital now owns 6,172 shares of the company’s stock valued at $970,000 after buying an additional 3,319 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company’s stock valued at $412,000 after buying an additional 523 shares during the period. Principal Financial Group Inc. increased its stake in shares of Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock valued at $264,686,000 after buying an additional 5,788 shares during the period. Jump Financial LLC acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $5,543,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Vail Resorts in the first quarter valued at approximately $376,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Activity

In other news, CFO Angela A. Korch bought 210 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer directly owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Vail Resorts Price Performance

Vail Resorts stock opened at $148.92 on Monday. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.47 and a beta of 0.86. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The stock’s 50 day moving average price is $152.79 and its two-hundred day moving average price is $152.06. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The business had revenue of $271.29 million for the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($4.67) earnings per share. On average, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 9th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s dividend payout ratio is presently 119.84%.

Analyst Upgrades and Downgrades

MTN has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (down from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Truist Financial reduced their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Wednesday, September 17th. Wall Street Zen cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $174.90.

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.