Heartland Advisors Inc. Decreases Position in Vail Resorts, Inc. (NYSE:MTN)

Heartland Advisors Inc. trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,132 shares of the company's stock after selling 11,268 shares during the period. Heartland Advisors Inc. owned approximately 0.15% of Vail Resorts worth $10,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. boosted its stake in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after purchasing an additional 148 shares during the period. Eagle Bay Advisors LLC purchased a new position in Vail Resorts during the 4th quarter valued at about $40,000. UMB Bank n.a. increased its position in shares of Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after buying an additional 83 shares during the period. Finally, Quarry LP lifted its holdings in shares of Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company's stock worth $63,000 after buying an additional 293 shares in the last quarter. Institutional investors own 94.94% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MTN. StockNews.com upgraded shares of Vail Resorts from a "sell" rating to a "hold" rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Mizuho dropped their target price on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Barclays reaffirmed an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Finally, Truist Financial decreased their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has an average rating of "Hold" and an average target price of $193.56.

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Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 185 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This trade represents a 6.68 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Vail Resorts Trading Down 1.2 %

Shares of MTN traded down $1.90 during mid-day trading on Tuesday, hitting $158.13. 262,843 shares of the company's stock traded hands, compared to its average volume of 567,684. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The business's 50-day moving average price is $163.21 and its 200-day moving average price is $173.98. The firm has a market capitalization of $5.90 billion, a P/E ratio of 26.26, a PEG ratio of 1.93 and a beta of 1.12. Vail Resorts, Inc. has a 1 year low of $151.99 and a 1 year high of $233.57.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company earned $5.76 earnings per share. Vail Resorts's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company 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. This represents a $8.88 annualized dividend and a yield of 5.62%. The ex-dividend date is Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

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.