Vail Resorts, Inc. (NYSE:MTN) Stock Holdings Decreased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 19.7% in the 4th quarter, Holdings Channel reports. The fund owned 8,150 shares of the company’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Vail Resorts were worth $1,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY raised its stake in Vail Resorts by 1.1% during the 3rd quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock valued at $1,047,590,000 after purchasing an additional 51,630 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Vail Resorts by 7.9% during the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after buying an additional 131,170 shares in the last quarter. Nordea Investment Management AB raised its position in Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after buying an additional 400,941 shares during the period. Northern Trust Corp lifted its stake in Vail Resorts by 42.3% in the 3rd quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after acquiring an additional 111,487 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Vail Resorts by 8.3% in the 3rd quarter. Legal & General Group Plc now owns 253,269 shares of the company’s stock worth $56,198,000 after acquiring an additional 19,399 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 0.4 %

NYSE MTN traded down $0.72 during trading on Friday, hitting $198.30. 349,512 shares of the company traded hands, compared to its average volume of 490,178. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $7.53 billion, a P/E ratio of 33.11, a PEG ratio of 2.23 and a beta of 1.11. The business has a fifty day simple moving average of $222.50 and a 200 day simple moving average of $220.81. Vail Resorts, Inc. has a 12 month low of $198.18 and a 12 month high of $258.13.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company earned $5.16 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio (DPR) is 148.25%.

Wall Street Analyst Weigh In

MTN has been the topic of several research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Mizuho began coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 target price for the company. Morgan Stanley dropped their price target on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research note on Monday. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, JPMorgan Chase & Co. cut their price target on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average price target of $260.11.

Insiders Place Their Bets

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a document filed with the SEC, 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.