London Co. of Virginia Has $23.84 Million Holdings in Vail Resorts, Inc. $MTN

London Co. of Virginia increased its position in Vail Resorts, Inc. (NYSE:MTN) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,680 shares of the company’s stock after acquiring an additional 3,877 shares during the quarter. London Co. of Virginia owned about 0.41% of Vail Resorts worth $23,835,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Argonautica Private Wealth Management Inc. grew its position in shares of Vail Resorts by 4.9% in the second quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Vail Resorts by 3.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,896 shares of the company’s stock valued at $455,000 after purchasing an additional 94 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in Vail Resorts by 0.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 16,585 shares of the company’s stock valued at $2,606,000 after purchasing an additional 108 shares during the period. Allworth Financial LP grew its holdings in Vail Resorts by 19.5% in the 2nd quarter. Allworth Financial LP now owns 717 shares of the company’s stock valued at $113,000 after buying an additional 117 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on MTN shares. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Bank of America dropped their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Truist Financial cut their target price on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Morgan Stanley raised their price target on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.50.

Vail Resorts Price Performance

NYSE:MTN opened at $161.74 on Friday. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.56 and a current ratio of 0.54. The company has a 50-day moving average of $146.79 and a 200-day moving average of $152.59. Vail Resorts, Inc. has a 52 week low of $129.85 and a 52 week high of $194.47. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.62 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping analysts’ consensus estimates of ($5.23) by $0.03. The firm had revenue of $271.03 million during the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned ($4.61) earnings per share. As a group, equities research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s payout ratio is currently 130.21%.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was acquired at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at $760,275. This trade represents a 4.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

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.