Rice Hall James & Associates LLC Has $14.65 Million Stock Position in Vail Resorts, Inc. $MTN

Rice Hall James & Associates LLC lowered its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,284 shares of the company’s stock after selling 5,440 shares during the quarter. Rice Hall James & Associates LLC owned 0.31% of Vail Resorts worth $14,646,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Needham Investment Management LLC boosted its holdings in shares of Vail Resorts by 28.3% in the 4th quarter. Needham Investment Management LLC now owns 59,000 shares of the company’s stock valued at $7,835,000 after buying an additional 13,000 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Vail Resorts by 6.6% in the 4th quarter. Focus Partners Wealth now owns 57,196 shares of the company’s stock valued at $7,718,000 after buying an additional 3,523 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Vail Resorts in the 4th quarter valued at approximately $1,042,000. Epoch Investment Partners Inc. boosted its holdings in shares of Vail Resorts by 16.2% in the 4th quarter. Epoch Investment Partners Inc. now owns 338,978 shares of the company’s stock valued at $45,016,000 after buying an additional 47,332 shares during the last quarter. Finally, Arax Advisory Partners boosted its holdings in shares of Vail Resorts by 58.8% in the 4th quarter. Arax Advisory Partners now owns 3,026 shares of the company’s stock valued at $402,000 after buying an additional 1,121 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MTN shares. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price objective on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, Mizuho set a $174.00 price objective on Vail Resorts in a report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Trading Up 0.8%

Shares of Vail Resorts stock opened at $134.36 on Tuesday. The business has a fifty day simple moving average of $128.76 and a two-hundred day simple moving average of $135.17. Vail Resorts, Inc. has a 1 year low of $118.51 and a 1 year high of $172.00. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 12.35 and a beta of 0.72. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $10.54 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts forecast that Vail Resorts, Inc. will post 4.37 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 6.6%. Vail Resorts’s dividend payout ratio (DPR) is currently 201.82%.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.