Daymark Wealth Partners LLC Cuts Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Daymark Wealth Partners LLC trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,095 shares of the company’s stock after selling 110 shares during the period. Daymark Wealth Partners LLC’s holdings in Vail Resorts were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in Vail Resorts by 673.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after buying an additional 293,006 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Vail Resorts in the third quarter worth $35,264,000. FMR LLC boosted its position in shares of Vail Resorts by 1,080.8% during the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after acquiring an additional 161,820 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial cut 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. Morgan Stanley reiterated an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research report on Monday, December 23rd. Macquarie boosted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Stock Down 0.8 %

Shares of NYSE MTN opened at $168.59 on Friday. Vail Resorts, Inc. has a 1 year low of $165.00 and a 1 year high of $236.92. The firm has a 50-day simple moving average of $183.53 and a two-hundred day simple moving average of $179.16. The company has a market cap of $6.31 billion, a P/E ratio of 28.01, a PEG ratio of 2.24 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned ($4.60) EPS. Research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s payout ratio is presently 147.51%.

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.