Cerity Partners LLC Sells 2,498 Shares of Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,527 shares of the company's stock after selling 2,498 shares during the quarter. Cerity Partners LLC's holdings in Vail Resorts were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in shares of Vail Resorts by 8.5% during the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock worth $165,000 after buying an additional 69 shares during the period. Aurora Investment Managers LLC. grew its position in Vail Resorts by 1.1% in the 1st quarter. Aurora Investment Managers LLC. now owns 9,513 shares of the company's stock valued at $1,522,000 after purchasing an additional 104 shares during the period. ProShare Advisors LLC grew its position in Vail Resorts by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 1,751 shares of the company's stock valued at $328,000 after purchasing an additional 110 shares during the period. State of Alaska Department of Revenue grew its position in Vail Resorts by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 4,385 shares of the company's stock valued at $701,000 after purchasing an additional 110 shares during the period. Finally, GAMMA Investing LLC grew its position in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MTN. Bank of America lifted their price target on shares of Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Truist Financial reduced their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research report on Wednesday, May 28th. Mizuho lifted their price target on shares of Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Finally, UBS Group reduced their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $187.20.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of $157.00 per share, for a total transaction of $31,400.00. Following the purchase, the chief financial officer directly owned 3,156 shares of the company's stock, valued at approximately $495,492. This trade represents a 6.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Vail Resorts Stock Performance

Shares of NYSE MTN traded up $2.92 during mid-day trading on Friday, reaching $160.51. 468,460 shares of the company's stock were exchanged, compared to its average volume of 610,139. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. 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 current ratio of 0.61 and a quick ratio of 0.54. The firm has a 50-day moving average price of $157.63 and a two-hundred day moving average price of $157.25.

Vail Resorts (NYSE:MTN - Get Free Report) last released its 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 company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $9.54 EPS. Analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 24th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's payout ratio is 113.55%.

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.