Aspire Private Capital LLC Buys 220 Shares of Vail Resorts, Inc. (NYSE:MTN)

Aspire Private Capital LLC boosted its stake in Vail Resorts, Inc. (NYSE:MTN) by 13.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,821 shares of the company’s stock after acquiring an additional 220 shares during the quarter. Aspire Private Capital LLC’s holdings in Vail Resorts were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new position in Vail Resorts in the fourth quarter valued at about $33,000. GAMMA Investing LLC raised its holdings in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock valued at $43,000 after buying an additional 116 shares during the last quarter. GeoWealth Management LLC boosted its position in Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after buying an additional 180 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Vail Resorts during the 4th quarter worth approximately $92,000. Finally, Canada Pension Plan Investment Board bought a new stake in Vail Resorts during the 4th quarter worth approximately $94,000. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Up 0.8%

Shares of NYSE:MTN opened at $156.36 on Friday. The business’s 50-day moving average is $147.87 and its 200-day moving average is $161.62. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.94 and a beta of 0.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.54 earnings per share. Equities research analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.68%. The ex-dividend date is Tuesday, June 24th. Vail Resorts’s dividend payout ratio is presently 113.55%.

Analysts Set New Price Targets

MTN has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. Bank of America raised their target price on Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Morgan Stanley reiterated an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. Macquarie decreased their price target on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, Truist Financial lowered their price objective on Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.20.

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.