OneDigital Investment Advisors LLC Sells 3,370 Shares of Vail Resorts, Inc. (NYSE:MTN)

OneDigital Investment Advisors LLC trimmed its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 21.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,356 shares of the company's stock after selling 3,370 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Vail Resorts were worth $1,977,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTN. Bamco Inc. NY raised its stake in Vail Resorts by 2.0% in the fourth quarter. Bamco Inc. NY now owns 5,290,546 shares of the company's stock valued at $991,713,000 after purchasing an additional 105,410 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company's stock valued at $696,687,000 after buying an additional 25,916 shares in the last quarter. Principal Financial Group Inc. raised its position in Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock valued at $264,686,000 after purchasing an additional 5,788 shares in the last quarter. TPG GP A LLC raised its position in Vail Resorts by 19.9% during the fourth quarter. TPG GP A LLC now owns 1,036,487 shares of the company's stock valued at $194,289,000 after purchasing an additional 172,082 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Vail Resorts by 42.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after purchasing an additional 289,484 shares in the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial decreased their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Barclays reissued an "underweight" rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. UBS Group cut their price objective on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target on the stock in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 200 shares of the company's stock in a transaction dated Friday, June 20th. The shares were purchased at an average price 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 document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

Vail Resorts Stock Up 1.3%

Shares of MTN traded up $2.13 during mid-day trading on Tuesday, reaching $165.15. The company had a trading volume of 59,084 shares, compared to its average volume of 694,199. The firm has a 50-day moving average price of $152.58 and a 200 day moving average price of $159.16. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 2.02 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 quick ratio of 0.54 and a current ratio of 0.61.

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 the consensus estimate of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $9.54 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is 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.