Artisan Partners Limited Partnership Decreases Position in Vail Resorts, Inc. (NYSE:MTN)

Artisan Partners Limited Partnership lowered its position in Vail Resorts, Inc. (NYSE:MTNGet Rating) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,632 shares of the company’s stock after selling 5,330 shares during the quarter. Artisan Partners Limited Partnership owned 0.71% of Vail Resorts worth $62,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trustcore Financial Services LLC acquired a new stake in Vail Resorts in the 1st quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Vail Resorts in the first quarter valued at approximately $30,000. Elequin Capital LP purchased a new position in shares of Vail Resorts during the 1st quarter worth approximately $41,000. Prospera Financial Services Inc acquired a new position in shares of Vail Resorts during the 1st quarter worth approximately $54,000. Finally, Glassman Wealth Services raised its position in shares of Vail Resorts by 10,133.3% during the 2nd quarter. Glassman Wealth Services now owns 307 shares of the company’s stock worth $67,000 after purchasing an additional 304 shares during the last quarter. Institutional investors and hedge funds own 93.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Credit Suisse Group dropped their price target on Vail Resorts from $383.00 to $380.00 and set an “outperform” rating for the company in a research report on Thursday, September 29th. Barclays lifted their price target on shares of Vail Resorts from $217.00 to $224.00 and gave the stock an “underweight” rating in a report on Thursday, September 29th. StockNews.com started coverage on shares of Vail Resorts in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $286.00 to $283.00 and set a “hold” rating for the company in a report on Thursday, September 29th. Finally, Truist Financial decreased their price objective on Vail Resorts from $281.00 to $270.00 in a report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $285.57.

Vail Resorts Stock Performance

NYSE MTN opened at $255.88 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.61 and a quick ratio of 1.51. Vail Resorts, Inc. has a 1-year low of $201.91 and a 1-year high of $348.42. The firm has a market capitalization of $10.31 billion, a P/E ratio of 30.14, a P/E/G ratio of 6.10 and a beta of 1.12. The business’s 50-day simple moving average is $222.14 and its 200-day simple moving average is $229.27.

Vail Resorts (NYSE:MTNGet Rating) last released its quarterly earnings data on Wednesday, September 28th. The company reported ($2.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.01) by $0.31. Vail Resorts had a net margin of 13.77% and a return on equity of 18.88%. The company had revenue of $267.14 million during the quarter, compared to the consensus estimate of $262.00 million. During the same period in the previous year, the firm earned ($3.49) earnings per share. Vail Resorts’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts predict that Vail Resorts, Inc. will post 9.15 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 24th. Shareholders of record on Wednesday, October 5th were given a $1.91 dividend. This represents a $7.64 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, October 4th. Vail Resorts’s dividend payout ratio (DPR) is presently 89.99%.

Vail Resorts Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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