Rice Hall James & Associates LLC Sells 3,096 Shares of Vail Resorts, Inc. (NYSE:MTN)

Rice Hall James & Associates LLC trimmed its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,215 shares of the company’s stock after selling 3,096 shares during the quarter. Rice Hall James & Associates LLC owned about 0.16% of Vail Resorts worth $11,100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Vail Resorts during the third quarter worth $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts during the third quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $33,000. Blue Trust Inc. lifted its holdings in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $40,000. 94.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MTN shares. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Mizuho lifted their target price on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. UBS Group began coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.50.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $165.02 on Tuesday. Vail Resorts, Inc. has a fifty-two week low of $164.35 and a fifty-two week high of $236.92. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The firm has a market capitalization of $6.18 billion, a P/E ratio of 27.41, a P/E/G ratio of 2.07 and a beta of 1.11. The company’s 50 day moving average price is $178.53 and its two-hundred day moving average price is $177.72.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter last year, the business posted ($4.60) earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.38%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

About Vail Resorts

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.