SG Americas Securities LLC Sells 5,760 Shares of Vail Resorts, Inc. $MTN

SG Americas Securities LLC decreased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 20.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,257 shares of the company’s stock after selling 5,760 shares during the period. SG Americas Securities LLC’s holdings in Vail Resorts were worth $2,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MTN. BOKF NA increased its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its position in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the period. Danske Bank A S purchased a new stake in Vail Resorts in the 3rd quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its stake in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Trading Up 0.8%

NYSE:MTN opened at $136.24 on Wednesday. Vail Resorts, Inc. has a one year low of $118.51 and a one year high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a market cap of $4.85 billion, a P/E ratio of 30.96, a P/E/G ratio of 12.69 and a beta of 0.72. The firm has a 50-day simple moving average of $130.76 and a 200-day simple moving average of $134.98.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $10.54 EPS. Vail Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts anticipate that Vail Resorts, Inc. will post 4.31 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.5%. Vail Resorts’s payout ratio is 201.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Barclays lowered their price target on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. UBS Group restated a “neutral” rating on shares of Vail Resorts in a report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $151.45.

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.