Raymond James Financial Services Advisors Inc. Sells 1,128 Shares of Vail Resorts, Inc. (NYSE:MTN)

Raymond James Financial Services Advisors Inc. decreased its stake in Vail Resorts, Inc. (NYSE:MTNFree Report) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,058 shares of the company’s stock after selling 1,128 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Vail Resorts were worth $900,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MTN. Select Equity Group L.P. raised its stake in shares of Vail Resorts by 80.5% in the fourth quarter. Select Equity Group L.P. now owns 2,612,048 shares of the company’s stock valued at $622,582,000 after purchasing an additional 1,165,211 shares in the last quarter. Norges Bank bought a new stake in Vail Resorts in the fourth quarter valued at about $98,690,000. Macquarie Group Ltd. raised its position in Vail Resorts by 38.1% in the second quarter. Macquarie Group Ltd. now owns 656,205 shares of the company’s stock worth $143,086,000 after purchasing an additional 181,198 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vail Resorts by 369.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 158,011 shares of the company’s stock worth $41,126,000 after purchasing an additional 124,379 shares during the period. Finally, Zacks Investment Management bought a new position in shares of Vail Resorts during the 2nd quarter worth approximately $29,722,000. 94.94% of the stock is owned by institutional investors.

Vail Resorts Trading Up 0.7 %

NYSE MTN opened at $225.71 on Wednesday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.83 and a quick ratio of 0.72. The firm has a market cap of $8.57 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.73 and a beta of 1.06. The stock’s 50-day moving average is $220.20 and its 200-day moving average is $226.11. Vail Resorts, Inc. has a one year low of $204.88 and a one year high of $266.26.

Vail Resorts (NYSE:MTNGet Free Report) last released its earnings results on Thursday, December 7th. The company reported ($4.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.59) by ($0.01). The firm had revenue of $258.57 million for the quarter, compared to the consensus estimate of $272.88 million. Vail Resorts had a return on equity of 16.28% and a net margin of 8.00%. Vail Resorts’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the company posted ($3.40) EPS. Sell-side analysts anticipate that Vail Resorts, Inc. will post 9.03 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were given a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, December 22nd. Vail Resorts’s dividend payout ratio (DPR) is currently 152.88%.

Insider Buying and Selling at Vail Resorts

In other news, Director Hilary Schneider sold 2,565 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $226.40, for a total value of $580,716.00. Following the completion of the transaction, the director now owns 14,799 shares in the company, valued at approximately $3,350,493.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MTN shares. JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $231.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Morgan Stanley lowered their target price on Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating for the company in a research note on Friday, December 8th. TheStreet downgraded Vail Resorts from a “b-” rating to a “c+” rating in a report on Monday, October 9th. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a research note on Wednesday, December 6th. Finally, Truist Financial reiterated a “buy” rating and issued a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $270.00.

View Our Latest Stock Analysis on MTN

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.

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

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