Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Caden Capital Partners LP

Caden Capital Partners LP decreased its position in Vail Resorts, Inc. (NYSE:MTN – Free Report) by 53.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,456 shares of the company’s stock after selling 79,923 shares during the period. Vail Resorts comprises approximately 4.5% of Caden Capital Partners LP’s holdings, making the stock its 8th largest holding. Caden Capital Partners LP owned 0.18% of Vail Resorts worth $17,738,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTN. American Century Companies Inc. grew its stake in shares of Vail Resorts by 21.8% in the 1st quarter. American Century Companies Inc. now owns 1,565 shares of the company’s stock valued at $407,000 after purchasing an additional 280 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Vail Resorts by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company’s stock valued at $228,000 after purchasing an additional 63 shares during the period. Private Advisor Group LLC grew its stake in shares of Vail Resorts by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,811 shares of the company’s stock valued at $471,000 after purchasing an additional 76 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Vail Resorts in the 1st quarter valued at approximately $672,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Vail Resorts in the 1st quarter valued at approximately $691,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Trading Up 4.1 %

MTN traded up $8.94 during mid-day trading on Friday, reaching $225.87. The stock had a trading volume of 775,918 shares, compared to its average volume of 311,514. The stock has a market capitalization of $8.62 billion, a P/E ratio of 41.91, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.95 and a current ratio of 1.07. The firm’s fifty day simple moving average is $217.80 and its two-hundred day simple moving average is $232.51. Vail Resorts, Inc. has a 52 week low of $204.88 and a 52 week high of $269.50.

Vail Resorts (NYSE:MTN – Get Free Report) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($4.60) EPS for the quarter, missing analysts’ consensus estimates of ($4.59) by ($0.01). The firm had revenue of $258.57 million during the quarter, compared to the consensus estimate of $272.88 million. Vail Resorts had a net margin of 8.00% and a return on equity of 14.62%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.40) earnings per share. On average, equities analysts predict that Vail Resorts, Inc. will post 9.11 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be paid a $2.06 dividend. This represents a $8.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, December 22nd. Vail Resorts’s dividend payout ratio (DPR) is currently 152.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MTN. StockNews.com began coverage on Vail Resorts in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial upgraded Vail Resorts from a “hold” rating to a “buy” rating and increased their price target for the stock from $263.00 to $290.00 in a research report on Thursday, September 7th. They noted that the move was a valuation call. Morgan Stanley decreased their price target on Vail Resorts from $276.00 to $252.00 and set an “equal weight” rating on the stock in a research report on Friday. TheStreet lowered Vail Resorts from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $273.00 to $266.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $270.00.

Get Our Latest Stock Analysis on Vail Resorts

About Vail Resorts (Free Report)

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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