PYA Waltman Capital LLC Raises Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

PYA Waltman Capital LLC increased its stake in shares of Vail Resorts, Inc. (NYSE:MTNGet Rating) by 1.1% in the first quarter, HoldingsChannel reports. The firm owned 15,017 shares of the company’s stock after buying an additional 165 shares during the period. Vail Resorts makes up approximately 1.9% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 17th largest position. PYA Waltman Capital LLC’s holdings in Vail Resorts were worth $3,909,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in Vail Resorts by 7.1% in the first quarter. Teacher Retirement System of Texas now owns 8,253 shares of the company’s stock valued at $2,148,000 after buying an additional 549 shares during the last quarter. Curi Wealth Management LLC raised its stake in Vail Resorts by 75.7% in the first quarter. Curi Wealth Management LLC now owns 448 shares of the company’s stock valued at $116,000 after buying an additional 193 shares during the last quarter. RMB Capital Management LLC raised its stake in Vail Resorts by 25.4% in the first quarter. RMB Capital Management LLC now owns 104,976 shares of the company’s stock valued at $27,322,000 after buying an additional 21,243 shares during the last quarter. Connectus Wealth LLC raised its stake in Vail Resorts by 5.3% in the first quarter. Connectus Wealth LLC now owns 100,125 shares of the company’s stock valued at $26,060,000 after buying an additional 5,053 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its stake in Vail Resorts by 18.0% in the first quarter. IFM Investors Pty Ltd now owns 6,122 shares of the company’s stock valued at $1,593,000 after buying an additional 934 shares during the last quarter.

Vail Resorts Stock Down 1.4 %

Vail Resorts stock opened at $233.50 on Friday. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 30.32 and a beta of 1.19. Vail Resorts, Inc. has a 52 week low of $206.03 and a 52 week high of $376.24. The business’s 50-day moving average price is $231.60 and its 200 day moving average price is $248.72. The company has a quick ratio of 2.11, a current ratio of 2.22 and a debt-to-equity ratio of 1.30.

Vail Resorts (NYSE:MTNGet Rating) last posted its earnings results on Thursday, June 9th. The company reported $9.16 EPS for the quarter, missing the consensus estimate of $9.17 by ($0.01). The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Vail Resorts had a return on equity of 17.18% and a net margin of 12.82%. The firm’s revenue was up 32.3% on a year-over-year basis. During the same period last year, the business earned $6.71 earnings per share. As a group, sell-side analysts anticipate that Vail Resorts, Inc. will post 8.4 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Monday, June 27th were issued a $1.91 dividend. This represents a $7.64 annualized dividend and a yield of 3.27%. The ex-dividend date was Friday, June 24th. Vail Resorts’s payout ratio is currently 99.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $302.00 to $301.00 in a research note on Friday, June 10th. Barclays assumed coverage on Vail Resorts in a research note on Tuesday, June 28th. They issued an “underweight” rating and a $217.00 price objective for the company. Truist Financial raised their price objective on Vail Resorts from $278.00 to $281.00 and gave the stock a “hold” rating in a research note on Friday, June 10th. Credit Suisse Group raised their price objective on Vail Resorts from $379.00 to $383.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th. Finally, KeyCorp set a $300.00 price objective on Vail Resorts in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $295.71.

Vail Resorts Profile

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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.

Further Reading

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

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