117,085 Shares in Vail Resorts, Inc. $MTN Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC acquired a new stake in Vail Resorts, Inc. (NYSE:MTN) in the second quarter, Holdings Channel reports. The institutional investor acquired 117,085 shares of the company’s stock, valued at approximately $15,941,000.

Several other hedge funds have also recently added to or reduced their stakes in MTN. HighTower Advisors LLC boosted its holdings in Vail Resorts by 15,313.2% during the fourth quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock worth $59,769,000 after buying an additional 447,146 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Vail Resorts during the 2nd quarter worth about $49,749,000. Norges Bank bought a new stake in shares of Vail Resorts in the 4th quarter valued at about $41,106,000. M&T Bank Corp bought a new stake in shares of Vail Resorts in the 4th quarter valued at about $28,521,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Vail Resorts by 26.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after acquiring an additional 201,750 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MTN. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Truist Financial lowered their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Stifel Nicolaus cut their target price on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $149.83.

Vail Resorts Price Performance

Shares of MTN opened at $146.26 on Tuesday. The stock has a 50 day simple moving average of $144.26 and a 200 day simple moving average of $136.22. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $165.50. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a market capitalization of $5.21 billion, a PE ratio of 33.24, a P/E/G ratio of 9.78 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 EPS 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 analyst estimates of $1.20 billion. During the same quarter last year, the business posted $10.54 earnings per share. The business’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts predict that Vail Resorts, Inc. will post 4.32 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $8.88 annualized dividend and a dividend yield of 6.1%. Vail Resorts’s dividend payout ratio is currently 201.82%.

About Vail Resorts

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.