Simplicity Solutions LLC Lowers Holdings in Vail Resorts, Inc. (NYSE:MTN)

Simplicity Solutions LLC trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,806 shares of the company’s stock after selling 107 shares during the period. Simplicity Solutions LLC’s holdings in Vail Resorts were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Aspire Private Capital LLC increased its stake in Vail Resorts by 6.3% during the fourth quarter. Aspire Private Capital LLC now owns 822 shares of the company’s stock worth $195,869,595,000 after acquiring an additional 49 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Vail Resorts by 5.6% during the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock worth $208,000 after buying an additional 50 shares during the period. Kinneret Advisory LLC lifted its holdings in shares of Vail Resorts by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,315 shares of the company’s stock valued at $607,000 after purchasing an additional 51 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Vail Resorts by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,452 shares of the company’s stock valued at $4,317,000 after purchasing an additional 51 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Vail Resorts by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock valued at $303,000 after purchasing an additional 55 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’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 value of $222,770.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Vail Resorts Stock Down 1.8 %

Shares of MTN opened at $219.63 on Thursday. The firm has a market cap of $8.34 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11. The company’s fifty day moving average is $225.53 and its two-hundred day moving average is $221.27. Vail Resorts, Inc. has a fifty-two week low of $204.88 and a fifty-two week high of $258.13. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $5.16 EPS. Analysts forecast that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is currently 148.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Mizuho initiated coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. Morgan Stanley lifted their target price on shares of Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Finally, Truist Financial restated a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a research note on Friday, January 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $266.33.

Vail Resorts Company 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.