Vail Resorts, Inc. (NYSE:MTN) Position Reduced by Headlands Technologies LLC

Headlands Technologies LLC trimmed its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 35.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,841 shares of the company’s stock after selling 1,016 shares during the quarter. Headlands Technologies LLC’s holdings in Vail Resorts were worth $393,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MTN. Nordea Investment Management AB boosted its stake in Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after acquiring an additional 400,941 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of Vail Resorts in the 4th quarter worth about $35,645,000. London Co. of Virginia bought a new position in shares of Vail Resorts in the 3rd quarter worth about $32,280,000. Principal Financial Group Inc. lifted its position in shares of Vail Resorts by 7.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock worth $398,393,000 after buying an additional 131,170 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of 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 buying an additional 111,487 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MTN shares. Mizuho started coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Morgan Stanley reduced 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 report on Monday, April 22nd. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.11.

Vail Resorts Stock Down 0.3 %

MTN stock opened at $198.33 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a fifty-two week low of $198.18 and a fifty-two week high of $258.13. The firm’s 50-day simple moving average is $222.50 and its 200 day simple moving average is $220.87. The stock has a market cap of $7.53 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $5.16 EPS. 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 business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 annualized dividend and a yield of 4.48%. Vail Resorts’s dividend payout ratio (DPR) is presently 148.25%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

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.