Epoch Investment Partners Inc. Has $49.72 Million Stake in Vail Resorts, Inc. $MTN

Epoch Investment Partners Inc. lifted its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 387,454 shares of the company’s stock after purchasing an additional 48,476 shares during the period. Epoch Investment Partners Inc.’s holdings in Vail Resorts were worth $49,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Entropy Technologies LP boosted its stake in Vail Resorts by 7.9% in the 1st quarter. Entropy Technologies LP now owns 8,471 shares of the company’s stock valued at $1,087,000 after purchasing an additional 621 shares during the period. Orvieto Partners L.P. increased its position in Vail Resorts by 33.3% during the 1st quarter. Orvieto Partners L.P. now owns 40,000 shares of the company’s stock worth $5,133,000 after buying an additional 10,000 shares during the period. Sei Investments Co. lifted its holdings in shares of Vail Resorts by 38.4% during the first quarter. Sei Investments Co. now owns 186,667 shares of the company’s stock worth $23,953,000 after buying an additional 51,748 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Vail Resorts by 8.4% during the first quarter. Cetera Investment Advisers now owns 6,657 shares of the company’s stock worth $854,000 after buying an additional 514 shares in the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of Vail Resorts during the first quarter worth $4,351,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

NYSE:MTN opened at $145.92 on Friday. The stock has a fifty day moving average price of $138.19 and a 200-day moving average price of $135.01. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 13.68 and a beta of 0.71. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $165.50.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company posted $10.54 earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

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

Analyst Ratings Changes

MTN has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. Truist Financial dropped 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. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Mizuho set a $174.00 target price on shares of Vail Resorts in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $151.45.

Vail Resorts Company Profile

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.