Heartland Advisors Inc. Has $10.33 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Heartland Advisors Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,132 shares of the company’s stock after selling 11,268 shares during the period. Heartland Advisors Inc. owned 0.15% of Vail Resorts worth $10,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. DnB Asset Management AS bought a new position in shares of Vail Resorts in the fourth quarter valued at approximately $33,286,000. Pictet Asset Management Holding SA raised its holdings in Vail Resorts by 6.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,698 shares of the company’s stock worth $1,068,000 after purchasing an additional 350 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Vail Resorts in the fourth quarter valued at approximately $363,000. Norges Bank bought a new position in shares of Vail Resorts in the 4th quarter worth $80,669,000. Finally, Vanguard Group Inc. raised its position in shares of Vail Resorts by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock valued at $696,687,000 after acquiring an additional 25,916 shares during the period. 94.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTN has been the topic of several research reports. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their price target on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $193.56.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Vail Resorts Trading Down 1.9 %

Shares of NYSE:MTN opened at $161.06 on Friday. The stock has a market cap of $6.01 billion, a PE ratio of 26.75, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 12-month low of $151.99 and a 12-month high of $233.57. The business has a 50 day moving average of $163.87 and a 200-day moving average of $174.29.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $5.76 EPS. As a group, equities research analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s payout ratio is presently 130.21%.

Vail Resorts Company 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.