Cerity Partners LLC Lowers Stake in Vail Resorts, Inc. (NYSE:MTN)

Cerity Partners LLC trimmed its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 22.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,527 shares of the company's stock after selling 2,498 shares during the period. Cerity Partners LLC's holdings in Vail Resorts were worth $1,364,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTN. Norges Bank bought a new stake in Vail Resorts during the fourth quarter valued at about $80,669,000. Point72 Asset Management L.P. raised its stake in Vail Resorts by 170.1% during the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after purchasing an additional 344,095 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after purchasing an additional 289,484 shares in the last quarter. DnB Asset Management AS bought a new position in Vail Resorts in the 4th quarter worth approximately $33,286,000. Finally, TPG GP A LLC grew its holdings in Vail Resorts by 19.9% during the 4th quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after buying an additional 172,082 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the stock in a transaction 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 acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This represents a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MTN has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. UBS Group dropped their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. Finally, Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Trading Down 1.7%

Shares of MTN stock traded down $2.68 on Thursday, reaching $158.53. 209,150 shares of the company's stock were exchanged, compared to its average volume of 694,066. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $199.45. The stock has a market capitalization of $5.89 billion, a PE ratio of 20.27, a P/E/G ratio of 2.03 and a beta of 0.91. The company's fifty day simple moving average is $157.12 and its 200 day simple moving average is $157.48. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion during 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%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $9.54 EPS. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a $2.22 dividend. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.60%. 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.