MADDEN SECURITIES Corp Has $1.10 Million Position in Vail Resorts, Inc. (NYSE:MTN)

MADDEN SECURITIES Corp lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,871 shares of the company's stock after selling 7,298 shares during the period. MADDEN SECURITIES Corp's holdings in Vail Resorts were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTN. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts during the 4th quarter worth about $33,000. Blue Trust Inc. boosted its holdings in shares of Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Vail Resorts by 75.3% during the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock valued at $43,000 after acquiring an additional 116 shares during the period. GeoWealth Management LLC raised its holdings in Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Vail Resorts in the fourth quarter worth approximately $92,000. Institutional investors own 94.94% of the company's stock.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the acquisition, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This represents a 6.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Trading Up 0.4%

Shares of Vail Resorts stock traded up $0.57 during trading on Tuesday, hitting $156.25. The stock had a trading volume of 994,227 shares, compared to its average volume of 580,795. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The stock has a 50 day simple moving average of $145.49 and a 200 day simple moving average of $163.25. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $5.83 billion, a PE ratio of 25.95, a P/E/G ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.54. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the company posted $9.54 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Tuesday, June 24th. Vail Resorts's payout ratio is presently 113.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTN shares. Macquarie lowered their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. Truist Financial cut their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a report on Friday. Finally, Barclays reaffirmed an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $188.80.

Vail Resorts Profile

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.