11,121 Shares in Vail Resorts, Inc. $MTN Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new position in shares of Vail Resorts, Inc. (NYSE:MTN) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,121 shares of the company’s stock, valued at approximately $1,514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in Vail Resorts by 15,313.2% in the fourth quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock worth $59,769,000 after purchasing an additional 447,146 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Vail Resorts during the 2nd quarter valued at $49,749,000. Norges Bank purchased a new stake in shares of Vail Resorts in the 4th quarter worth $41,106,000. M&T Bank Corp purchased a new stake in shares of Vail Resorts in the 4th quarter worth $28,521,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Barclays dropped their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 9th. Finally, Truist Financial reduced their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts Price Performance

MTN opened at $146.26 on Tuesday. The business’s 50-day moving average is $144.26 and its two-hundred day moving average is $136.22. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $165.50. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The firm has a market capitalization of $5.21 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 9.78 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.54 earnings per share. Research analysts anticipate that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $2.22 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.1%. Vail Resorts’s payout ratio is presently 201.82%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.