TimesSquare Capital Management LLC Cuts Position in Vail Resorts, Inc. (NYSE:MTN)

TimesSquare Capital Management LLC lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 44.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,300 shares of the company's stock after selling 9,700 shares during the quarter. TimesSquare Capital Management LLC's holdings in Vail Resorts were worth $2,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTN. International Assets Investment Management LLC raised its stake in Vail Resorts by 14,502.1% in the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company's stock valued at $10,255,000 after purchasing an additional 47,712 shares in the last quarter. Oak Thistle LLC bought a new position in Vail Resorts in the fourth quarter valued at about $1,533,000. Nordea Investment Management AB grew its position in Vail Resorts by 2,451.9% in the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company's stock valued at $89,931,000 after acquiring an additional 400,941 shares during the last quarter. Galibier Capital Management Ltd. bought a new position in Vail Resorts in the fourth quarter valued at about $3,932,000. Finally, Raymond James & Associates grew its position in Vail Resorts by 4.6% in the fourth quarter. Raymond James & Associates now owns 74,599 shares of the company's stock valued at $15,925,000 after acquiring an additional 3,278 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Transactions at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now directly owns 7,592 shares of the company's stock, valued at $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho assumed coverage on Vail Resorts in a research report on Tuesday, March 26th. They issued a "buy" rating and a $256.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Vail Resorts from $252.00 to $243.00 and set a "neutral" rating on the stock in a report on Monday, April 22nd. Morgan Stanley reduced their target price on Vail Resorts from $242.00 to $229.00 and set an "equal weight" rating on the stock in a report on Monday, April 22nd. Truist Financial reiterated a "buy" rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Finally, Bank of America cut 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $260.11.

Vail Resorts Trading Up 1.1 %

MTN traded up $2.15 during trading on Friday, hitting $198.52. The company's stock had a trading volume of 500,756 shares, compared to its average volume of 577,720. Vail Resorts, Inc. has a twelve month low of $188.43 and a twelve month high of $258.13. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The stock's fifty day moving average price is $216.10 and its 200-day moving average price is $219.38. The firm has a market capitalization of $7.54 billion, a P/E ratio of 33.14, a PEG ratio of 2.19 and a beta of 1.14.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $5.16 earnings per share. Vail Resorts's quarterly revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from Vail Resorts's previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. Vail Resorts's dividend payout ratio is presently 148.25%.

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.