Ceredex Value Advisors LLC Buys New Holdings in Vail Resorts, Inc. (NYSE:MTN)

Ceredex Value Advisors LLC bought a new position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 165,500 shares of the company's stock, valued at approximately $35,645,000. Ceredex Value Advisors LLC owned about 0.44% of Vail Resorts at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Vail Resorts by 589.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,447 shares of the company's stock worth $736,000 after purchasing an additional 2,947 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Vail Resorts by 86.7% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 17,010 shares of the company's stock worth $3,665,000 after purchasing an additional 7,901 shares during the period. Park Place Capital Corp lifted its holdings in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company's stock worth $26,000 after purchasing an additional 101 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Vail Resorts by 14,502.1% during the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company's stock worth $10,255,000 after purchasing an additional 47,712 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Vail Resorts by 2.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 15,852 shares of the company's stock worth $3,459,000 after purchasing an additional 421 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a "buy" rating and set a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Mizuho assumed coverage on Vail Resorts in a report on Tuesday, March 26th. They issued a "buy" rating and a $256.00 target price for the company. Bank of America downgraded Vail Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the company from $285.00 to $250.00 in a report on Friday, March 8th. Truist Financial reissued a "buy" rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Finally, Morgan Stanley raised their target price on Vail Resorts from $247.00 to $248.00 and gave the company an "equal weight" rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $266.33.

Vail Resorts Price Performance

Shares of MTN stock traded up $2.28 during mid-day trading on Friday, reaching $228.98. The stock had a trading volume of 352,308 shares, compared to its average volume of 552,094. Vail Resorts, Inc. has a 12-month low of $204.88 and a 12-month high of $258.13. The company has a market cap of $8.69 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.11. The business has a 50-day simple moving average of $224.57 and a 200 day simple moving average of $221.77. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts' consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.16 EPS. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.75 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Wednesday, March 27th. This is a boost from Vail Resorts's previous quarterly dividend of $2.06. Vail Resorts's dividend payout ratio (DPR) is currently 148.25%.

Insider Buying and Selling

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The transaction 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.

Vail Resorts Company 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.