Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,303 shares of the company’s stock after selling 2,931 shares during the period. Curi RMB Capital LLC owned approximately 0.21% of Vail Resorts worth $13,473,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position 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 valued at $114,481,000 after buying an additional 553,337 shares during the last quarter. First Pacific Advisors LP purchased a new stake in shares of Vail Resorts in the second quarter valued at about $62,466,000. River Road Asset Management LLC increased its stake 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 worth $59,487,000 after acquiring an additional 293,006 shares during the period. AQR Capital Management LLC raised its holdings 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 worth $31,767,000 after purchasing an additional 161,820 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in Vail Resorts by 186.2% in the third quarter. Ceredex Value Advisors LLC now owns 245,318 shares of the company’s stock valued at $42,756,000 after purchasing an additional 159,600 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on MTN shares. Macquarie reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Barclays cut their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. UBS Group initiated coverage on shares of Vail Resorts in a report on Thursday. They set a “neutral” rating and a $185.00 price objective on the stock. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $205.90.

Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

NYSE:MTN opened at $179.82 on Thursday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. Vail Resorts, Inc. has a 12-month low of $165.00 and a 12-month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The company’s 50-day moving average is $175.82 and its two-hundred day moving average is $180.71.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.35) EPS. Research analysts expect that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 147.26%.

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.