Vail Resorts, Inc. (NYSE:MTN) Holdings Boosted by Kestra Investment Management LLC

Kestra Investment Management LLC grew its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 134.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,217 shares of the company’s stock after acquiring an additional 2,992 shares during the period. Kestra Investment Management LLC’s holdings in Vail Resorts were worth $978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MTN. River Road Asset Management LLC grew its holdings in shares of Vail Resorts by 606.6% during the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after acquiring an additional 293,006 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Vail Resorts during the 3rd quarter valued at $35,264,000. FMR LLC grew its holdings in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after acquiring an additional 190,210 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in shares of Vail Resorts by 186.2% during the 3rd quarter. Ceredex Value Advisors LLC now owns 245,318 shares of the company’s stock valued at $42,756,000 after acquiring an additional 159,600 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Vail Resorts by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after acquiring an additional 136,328 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTN has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $197.00 price target on shares of Vail Resorts in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial reduced their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. Finally, Mizuho lifted their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Stock Down 2.7 %

Vail Resorts stock opened at $160.48 on Wednesday. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 2.01 and a beta of 1.11. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts, Inc. has a fifty-two week low of $159.66 and a fifty-two week high of $236.92. The firm has a fifty day moving average price of $177.83 and a two-hundred day moving average price of $177.63.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($4.60) EPS. As a group, analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts’s dividend payout ratio is currently 147.51%.

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.