Ceredex Value Advisors LLC Makes New $10.54 Million Investment in Vail Resorts, Inc. $MTN

Key Points

• Ceredex Value Advisors initiated a $10.54 million position in Vail Resorts, acquiring 77,375 shares, or approximately 0.22% of the company. Institutional investors collectively own 94.90% of MTN.
• Analyst sentiment is mixed, with five Buy, seven Hold, and three Sell ratings; the stock carries an average “Hold” rating and a $149.83 price target.
• Vail Resorts reported quarterly revenue of $1.21 billion, but earnings of $8.81 per share fell short of estimates and revenue declined 7% year over year. The company pays an annualized $8.88 dividend, yielding about 5.9%, although its payout ratio is above 200%.

Ceredex Value Advisors LLC acquired a new stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 77,375 shares of the company's stock, valued at approximately $10,535,000. Ceredex Value Advisors LLC owned 0.22% of Vail Resorts at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BOKF NA lifted its position in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company's stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock valued at $27,000 after buying an additional 155 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock valued at $29,000 after buying an additional 100 shares during the period. Danske Bank A S acquired a new stake in Vail Resorts during the third quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company's stock worth $31,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MTN shares. Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. Barclays lowered their price target on shares of Vail Resorts from $138.00 to $119.00 and set an "underweight" rating on the stock in a report on Tuesday, June 9th. Zacks Research upgraded Vail Resorts from a "strong sell" rating to a "hold" rating in a research note on Monday, August 3rd. Truist Financial reduced their price target on Vail Resorts from $212.00 to $195.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Vail Resorts presently has an average rating of "Hold" and an average price target of $149.83.

Vail Resorts Stock Down 1.9%

Shares of MTN opened at $150.21 on Friday. The stock has a 50 day moving average price of $145.25 and a 200 day moving average price of $136.61. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $165.50. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 10.10 and a beta of 0.70.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts' consensus estimates of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the business posted $10.54 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts forecast that Vail Resorts, Inc. will post 4.32 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Thursday, June 25th. Vail Resorts's dividend payout ratio (DPR) is currently 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company's signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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