Natixis Investment Managers International grew its position in Vail Resorts, Inc. (NYSE:MTN) by 31.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 679 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Natixis Investment Managers International’s holdings in Vail Resorts were worth $214,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Durable Capital Partners LP raised its holdings in Vail Resorts by 608.8% in the second quarter. Durable Capital Partners LP now owns 572,408 shares of the company’s stock worth $181,179,000 after purchasing an additional 491,655 shares during the period. Neuberger Berman Group LLC increased its position in shares of Vail Resorts by 17.3% during the second quarter. Neuberger Berman Group LLC now owns 44,333 shares of the company’s stock worth $13,899,000 after acquiring an additional 6,528 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Vail Resorts by 7.2% during the second quarter. Clearbridge Investments LLC now owns 1,690 shares of the company’s stock worth $535,000 after acquiring an additional 113 shares in the last quarter. LPL Financial LLC increased its position in shares of Vail Resorts by 106.0% during the second quarter. LPL Financial LLC now owns 5,546 shares of the company’s stock worth $1,755,000 after acquiring an additional 2,854 shares in the last quarter. Finally, Blueshift Asset Management LLC increased its position in shares of Vail Resorts by 198.0% during the second quarter. Blueshift Asset Management LLC now owns 24,494 shares of the company’s stock worth $7,753,000 after acquiring an additional 16,275 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Vail Resorts from a “c+” rating to a “b-” rating in a research report on Thursday, September 23rd. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating and set a $329.00 price objective for the company in a research report on Wednesday, September 22nd. Truist increased their price objective on shares of Vail Resorts from $308.00 to $322.00 and gave the stock a “hold” rating in a research report on Friday, September 24th. Credit Suisse Group increased their price objective on shares of Vail Resorts from $360.00 to $367.00 and gave the stock an “outperform” rating in a research report on Friday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Vail Resorts from $298.00 to $301.00 and gave the company a “hold” rating in a research report on Tuesday, September 21st. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $313.92.
Shares of MTN traded up $2.80 during midday trading on Thursday, reaching $339.44. The stock had a trading volume of 1 shares, compared to its average volume of 359,597. The firm has a 50 day simple moving average of $312.05 and a 200-day simple moving average of $314.66. Vail Resorts, Inc. has a one year low of $227.34 and a one year high of $353.90. The firm has a market cap of $13.71 billion, a PE ratio of 124.68 and a beta of 1.31. The company has a current ratio of 2.35, a quick ratio of 2.25 and a debt-to-equity ratio of 1.35.
Vail Resorts (NYSE:MTN) last posted its earnings results on Wednesday, September 22nd. The company reported ($3.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.53) by $0.04. The company had revenue of $204.20 million during the quarter, compared to analysts’ expectations of $177.24 million. Vail Resorts had a net margin of 6.45% and a return on equity of 7.40%. Vail Resorts’s quarterly revenue was up 164.5% compared to the same quarter last year. During the same quarter last year, the company posted ($3.82) EPS. As a group, research analysts forecast that Vail Resorts, Inc. will post 3.21 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 22nd. Stockholders of record on Tuesday, October 5th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, October 4th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.04%. Vail Resorts’s dividend payout ratio (DPR) is currently 110.34%.
About Vail Resorts
Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, condominium management, Colorado resort ground transportation company, and mountain resort golf courses.
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