Parallel Advisors LLC Reduces Holdings in Vail Resorts, Inc. (NYSE:MTN)

Parallel Advisors LLC reduced its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,275 shares of the company’s stock after selling 961 shares during the period. Parallel Advisors LLC’s holdings in Vail Resorts were worth $2,114,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Miracle Mile Advisors LLC increased its stake in shares of Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company’s stock worth $398,000 after purchasing an additional 65 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Vail Resorts by 20.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 67 shares in the last quarter. Accretive Wealth Partners LLC raised its stake in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock worth $992,000 after buying an additional 80 shares during the period. UMB Bank n.a. lifted its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after buying an additional 83 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its stake in shares of Vail Resorts by 6.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock valued at $277,000 after acquiring an additional 96 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTN has been the topic of several analyst reports. Macquarie lowered their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Truist Financial dropped their target price on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Stifel Nicolaus raised their price target on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Finally, Barclays reissued an “underweight” rating and set a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $193.56.

Vail Resorts Trading Down 1.2 %

MTN stock opened at $160.53 on Wednesday. The firm has a fifty day moving average price of $166.60 and a 200 day moving average price of $175.27. Vail Resorts, Inc. has a fifty-two week low of $151.99 and a fifty-two week high of $233.57. The firm has a market cap of $5.99 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

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

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 5.53%. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch acquired 185 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

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.