Ceredex Value Advisors LLC Has $7.14 Million Stake in Vail Resorts, Inc. $MTN

Key Points

• Ceredex Value Advisors LLC significantly reduced its stake in Vail Resorts by 81.6%, ending with 44,618 shares valued at approximately $7.14 million.
• Multiple hedge funds, including Hsbc Holdings PLC, increased their investments in Vail Resorts during the first quarter, leading to a high institutional ownership of 94.90%.
• The company's quarterly earnings exceeded analysts' estimates, reporting $10.54 EPS, while it also declared a dividend of $2.22 paid to shareholders, contributing to an annual yield of 5.6%.

Ceredex Value Advisors LLC lowered its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 81.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,618 shares of the company's stock after selling 198,050 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.12% of Vail Resorts worth $7,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Vail Resorts in the 1st quarter valued at about $5,543,000. Cadence Bank grew its holdings in Vail Resorts by 0.6% during the first quarter. Cadence Bank now owns 65,222 shares of the company's stock worth $10,437,000 after purchasing an additional 410 shares during the period. Capital Fund Management S.A. acquired a new position in Vail Resorts during the first quarter worth approximately $2,236,000. Hsbc Holdings PLC raised its stake in Vail Resorts by 9,378.0% in the first quarter. Hsbc Holdings PLC now owns 125,962 shares of the company's stock valued at $20,018,000 after buying an additional 124,633 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Vail Resorts in the first quarter valued at approximately $4,430,000. Institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MTN shares. Bank of America lifted their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. UBS Group dropped their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Truist Financial cut their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research note on Friday, June 6th. Finally, Mizuho upped their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Trading Down 0.5%

Shares of Vail Resorts stock opened at $159.99 on Wednesday. The firm has a 50-day moving average of $157.46 and a 200-day moving average of $153.98. The stock has a market cap of $5.94 billion, a PE ratio of 20.46, a PEG ratio of 1.99 and a beta of 0.90. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $199.45. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $10.54 EPS for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.81% and a return on equity of 30.25%. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $9.54 earnings per share. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is presently 113.55%.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer owned 3,156 shares in the company, valued at approximately $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company's stock.

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.

Want to see what other hedge funds are holding MTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vail Resorts, Inc. (NYSE:MTN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.