Sei Investments Co. Buys 51,748 Shares of Vail Resorts, Inc. $MTN

Sei Investments Co. raised its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 38.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,667 shares of the company’s stock after purchasing an additional 51,748 shares during the period. Sei Investments Co.’s holdings in Vail Resorts were worth $23,953,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BOKF NA grew its position in shares of Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares in the last quarter. Danske Bank A S bought a new position in Vail Resorts during the third quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Vail Resorts by 1,585.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock valued at $31,000 after buying an additional 222 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MTN. Barclays cut their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Finally, Stifel Nicolaus reduced their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $151.45.

Vail Resorts Stock Up 5.9%

Shares of NYSE:MTN opened at $157.07 on Wednesday. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 35.70, a PEG ratio of 13.92 and a beta of 0.71. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $165.50. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The company has a 50-day moving average price of $139.34 and a 200 day moving average price of $135.25.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm earned $10.54 earnings per share. The company’s revenue was down 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Vail Resorts, Inc. will post 4.31 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $2.22 dividend. The ex-dividend date was Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.7%. Vail Resorts’s payout ratio is 201.82%.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.