Aurora Investment Counsel Increases Position in Vail Resorts, Inc. $MTN

Aurora Investment Counsel grew its holdings in Vail Resorts, Inc. (NYSE:MTNFree Report) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,400 shares of the company’s stock after buying an additional 247 shares during the period. Aurora Investment Counsel’s holdings in Vail Resorts were worth $2,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. VELA Investment Management LLC raised its holdings in shares of Vail Resorts by 17.3% in the second quarter. VELA Investment Management LLC now owns 2,844 shares of the company’s stock valued at $447,000 after buying an additional 419 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Vail Resorts by 161.3% during the second quarter. Allianz Asset Management GmbH now owns 11,072 shares of the company’s stock worth $1,740,000 after acquiring an additional 6,835 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Vail Resorts during the second quarter worth about $300,000. TD Asset Management Inc increased its stake in shares of Vail Resorts by 0.4% during the second quarter. TD Asset Management Inc now owns 42,820 shares of the company’s stock worth $6,728,000 after acquiring an additional 154 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of Vail Resorts during the second quarter worth about $896,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MTN shares. Morgan Stanley dropped their price target on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Barclays dropped their price target on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Mizuho dropped their price target on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Truist Financial dropped their price target on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Vail Resorts presently has an average rating of “Hold” and an average price target of $174.90.

Get Our Latest Report on Vail Resorts

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of the stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Trading Up 1.1%

Shares of MTN opened at $151.29 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The firm’s 50-day moving average is $153.05 and its two-hundred day moving average is $151.80. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The firm has a market capitalization of $5.43 billion, a P/E ratio of 20.42, a PEG ratio of 2.52 and a beta of 0.86.

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

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Thursday, October 9th will be given a $2.22 dividend. The ex-dividend date is Thursday, October 9th. This represents a $8.88 annualized dividend and a dividend yield of 5.9%. Vail Resorts’s dividend payout ratio is currently 119.84%.

Vail Resorts Company 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.

See Also

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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