Amalgamated Bank Decreases Position in Vail Resorts, Inc. (NYSE:MTN)

Amalgamated Bank cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,689 shares of the company’s stock after selling 709 shares during the period. Amalgamated Bank’s holdings in Vail Resorts were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc purchased a new stake in Vail Resorts during the first quarter valued at approximately $592,000. U S Global Investors Inc. purchased a new stake in Vail Resorts during the first quarter valued at approximately $104,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Vail Resorts by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,529 shares of the company’s stock worth $4,929,000 after buying an additional 3,297 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Vail Resorts by 81.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 704 shares of the company’s stock worth $113,000 after buying an additional 317 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Vail Resorts in the first quarter worth approximately $20,315,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 0.3%

Shares of NYSE:MTN opened at $164.02 on Friday. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The stock has a market cap of $6.09 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.02 and a beta of 0.91. The business’s 50 day moving average is $152.13 and its 200 day moving average is $159.62. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $9.54 earnings per share. Vail Resorts’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.41%. Vail Resorts’s dividend payout ratio (DPR) is currently 113.55%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a report on Thursday, May 29th. UBS Group reduced their price target on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Truist Financial reduced their price target on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a report on Friday, June 6th. Finally, Barclays reiterated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $187.20.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch bought 200 shares of the company’s stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company’s stock, valued at $495,492. The trade was a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

About Vail Resorts

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.