SRS Capital Advisors Inc. Sells 132 Shares of Vail Resorts, Inc. (NYSE:MTN)

SRS Capital Advisors Inc. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 691 shares of the company’s stock after selling 132 shares during the period. SRS Capital Advisors Inc.’s holdings in Vail Resorts were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its holdings in Vail Resorts by 125.0% during the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Park Place Capital Corp lifted its holdings in shares of Vail Resorts by 531.6% in the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Vail Resorts by 62.2% in the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its holdings in shares of Vail Resorts by 70.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after purchasing an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Vail Resorts in the fourth quarter valued at about $45,000. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Stock Performance

NYSE MTN traded up $1.52 during trading on Friday, reaching $195.02. 334,824 shares of the company’s stock were exchanged, compared to its average volume of 587,417. The business has a 50 day moving average price of $218.68 and a 200-day moving average price of $220.01. The stock has a market capitalization of $7.40 billion, a P/E ratio of 32.56, a PEG ratio of 2.14 and a beta of 1.14. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. Vail Resorts, Inc. has a fifty-two week low of $188.43 and a fifty-two week high of $258.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. Vail Resorts’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a $2.22 dividend. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 4.55%. Vail Resorts’s dividend payout ratio is presently 148.25%.

Analyst Ratings Changes

A number of brokerages have recently commented on MTN. Stifel Nicolaus restated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a report on Friday, March 22nd. Morgan Stanley cut their price target on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Truist Financial reiterated a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. JPMorgan Chase & Co. dropped their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Mizuho initiated coverage on Vail Resorts in a report on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $260.11.

Insider Activity

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

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.