Procyon Advisors LLC Trims Position in Vail Resorts, Inc. (NYSE:MTN)

Procyon Advisors LLC lowered its holdings in Vail Resorts, Inc. (NYSE:MTN) by 22.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,601 shares of the company’s stock after selling 460 shares during the period. Procyon Advisors LLC’s holdings in Vail Resorts were worth $300,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp grew its holdings in Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock valued at $3,683,000 after buying an additional 6,816 shares during the period. Geode Capital Management LLC grew its holdings in Vail Resorts by 1.3% in the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after purchasing an additional 8,422 shares during the period. AQR Capital Management LLC increased its position in Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the last quarter. Green Alpha Advisors LLC raised its stake in Vail Resorts by 101.3% during the fourth quarter. Green Alpha Advisors LLC now owns 6,112 shares of the company’s stock worth $1,146,000 after purchasing an additional 3,075 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in shares of Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after purchasing an additional 293,006 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Truist Financial cut their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Barclays boosted their target price on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Macquarie raised their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Finally, UBS Group began coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $204.50.

Vail Resorts Stock Performance

Shares of MTN stock opened at $177.38 on Monday. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The company’s fifty day moving average price is $184.09 and its two-hundred day moving average price is $179.24. The firm has a market capitalization of $6.64 billion, a P/E ratio of 29.47, a P/E/G ratio of 2.07 and a beta of 1.12. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same quarter in the prior year, the business posted ($4.60) earnings per share. Vail Resorts’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.57 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared 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 5.01%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is currently 147.51%.

About Vail Resorts

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.