Corient Capital Partners LLC increased its position in shares of Vail Resorts, Inc. (NYSE:MTN – Get Rating) by 21.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,417 shares of the company’s stock after acquiring an additional 613 shares during the quarter. Corient Capital Partners LLC’s holdings in Vail Resorts were worth $745,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Trustcore Financial Services LLC bought a new position in Vail Resorts during the 1st quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in Vail Resorts during the 1st quarter worth approximately $30,000. Elequin Capital LP bought a new position in Vail Resorts during the 1st quarter worth approximately $41,000. Prospera Financial Services Inc bought a new position in Vail Resorts in the first quarter valued at approximately $54,000. Finally, Glassman Wealth Services lifted its stake in Vail Resorts by 10,133.3% in the second quarter. Glassman Wealth Services now owns 307 shares of the company’s stock valued at $67,000 after buying an additional 304 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on MTN shares. StockNews.com started coverage on shares of Vail Resorts in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial cut their price target on shares of Vail Resorts from $281.00 to $270.00 in a research note on Thursday, September 29th. Barclays lifted their price target on shares of Vail Resorts from $217.00 to $224.00 and gave the company an “underweight” rating in a research note on Thursday, September 29th. Stifel Nicolaus cut their price target on shares of Vail Resorts from $273.00 to $228.00 and set a “hold” rating on the stock in a research note on Monday, September 26th. Finally, Credit Suisse Group cut their price target on shares of Vail Resorts from $383.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $285.57.
Vail Resorts Price Performance
Vail Resorts (NYSE:MTN – Get Rating) last posted its quarterly earnings data on Wednesday, September 28th. The company reported ($2.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.01) by $0.31. The company had revenue of $267.14 million for the quarter, compared to the consensus estimate of $262.00 million. Vail Resorts had a net margin of 13.77% and a return on equity of 18.88%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same period last year, the company earned ($3.49) earnings per share. Equities research analysts anticipate that Vail Resorts, Inc. will post 9.15 earnings per share for the current fiscal year.
Vail Resorts Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, October 24th. Investors of record on Wednesday, October 5th were issued a dividend of $1.91 per share. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $7.64 dividend on an annualized basis and a yield of 2.99%. Vail Resorts’s payout ratio is 89.99%.
Vail Resorts 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.
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