Victory Capital Management Inc. Has $5.06 Million Position in Vail Resorts, Inc. (NYSE:MTN)

Victory Capital Management Inc. lowered its position in shares of Vail Resorts, Inc. (NYSE:MTNFree Report) by 70.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,818 shares of the company’s stock after selling 55,649 shares during the period. Victory Capital Management Inc. owned about 0.06% of Vail Resorts worth $5,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Select Equity Group L.P. lifted its stake in shares of Vail Resorts by 21.2% in the 1st quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock valued at $739,666,000 after purchasing an additional 553,248 shares during the period. Principal Financial Group Inc. increased its position in Vail Resorts by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after buying an additional 131,170 shares in the last quarter. Macquarie Group Ltd. increased its position in Vail Resorts by 9.6% in the 1st quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock valued at $185,584,000 after buying an additional 69,454 shares in the last quarter. Geode Capital Management LLC increased its position in Vail Resorts by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 581,082 shares of the company’s stock valued at $146,050,000 after buying an additional 16,525 shares in the last quarter. Finally, Norges Bank bought a new stake in Vail Resorts in the 4th quarter valued at about $98,690,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Stock Performance

MTN stock opened at $221.16 on Thursday. Vail Resorts, Inc. has a 12-month low of $204.88 and a 12-month high of $258.63. The company has a quick ratio of 0.72, a current ratio of 0.83 and a debt-to-equity ratio of 2.94. The business has a 50 day moving average of $220.15 and a 200-day moving average of $224.64. The firm has a market cap of $8.40 billion, a PE ratio of 41.03, a P/E/G ratio of 1.72 and a beta of 1.13.

Vail Resorts (NYSE:MTNGet Free Report) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($4.60) EPS for the quarter, missing the consensus estimate of ($4.59) by ($0.01). Vail Resorts had a net margin of 8.00% and a return on equity of 16.28%. The firm had revenue of $258.57 million during the quarter, compared to analysts’ expectations of $272.88 million. During the same quarter in the previous year, the company posted ($3.40) EPS. Vail Resorts’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Vail Resorts, Inc. will post 8.95 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were paid a $2.06 dividend. The ex-dividend date was Friday, December 22nd. This represents a $8.24 annualized dividend and a yield of 3.73%. Vail Resorts’s payout ratio is 152.88%.

Insiders Place Their Bets

In other Vail Resorts news, Director Hilary Schneider sold 2,565 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $226.40, for a total transaction of $580,716.00. Following the sale, the director now owns 14,799 shares in the company, valued at $3,350,493.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

MTN has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating for the company in a report on Friday, December 8th. Truist Financial reissued a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $273.00 to $266.00 and set a “hold” rating for the company in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $270.00.

Check Out Our Latest Stock Report 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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