Cerity Partners LLC Has $868,000 Stake in Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC lifted its holdings in Vail Resorts, Inc. (NYSE:MTN) by 183.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,068 shares of the company’s stock after acquiring an additional 2,634 shares during the quarter. Cerity Partners LLC’s holdings in Vail Resorts were worth $868,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MTN. First Eagle Investment Management LLC boosted its stake in Vail Resorts by 5.6% in the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock worth $208,000 after purchasing an additional 50 shares in the last quarter. CIBC Asset Management Inc lifted its position in Vail Resorts by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock worth $303,000 after buying an additional 55 shares in the last quarter. Rise Advisors LLC grew its holdings in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 61 shares during the last quarter. Pittenger & Anderson Inc. increased its position in Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Finally, Shell Asset Management Co. raised its stake in shares of Vail Resorts by 5.9% in the third quarter. Shell Asset Management Co. now owns 1,200 shares of the company’s stock worth $266,000 after acquiring an additional 67 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Insider Activity at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the completion of the transaction, the director now directly owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $202.68 on Tuesday. Vail Resorts, Inc. has a 12 month low of $200.51 and a 12 month high of $258.13. The stock’s fifty day simple moving average is $224.44 and its 200 day simple moving average is $221.25. The company has a market capitalization of $7.70 billion, a PE ratio of 33.84, a PEG ratio of 2.17 and a beta of 1.11. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. Vail Resorts’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.16 earnings per share. On average, research analysts predict that Vail Resorts, Inc. will post 7.69 EPS for the current year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.38%. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. dropped their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research report on Monday. Morgan Stanley reduced their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Monday. Mizuho started coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective on the stock. Bank of America lowered shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Truist Financial reissued a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a research note on Friday, January 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $260.11.

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.