SG Americas Securities LLC Sells 5,125 Shares of Vail Resorts, Inc. (NYSE:MTN)

SG Americas Securities LLC decreased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 65.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,658 shares of the company’s stock after selling 5,125 shares during the period. SG Americas Securities LLC’s holdings in Vail Resorts were worth $463,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in Vail Resorts in the 2nd quarter worth about $4,010,000. Dana Investment Advisors Inc. purchased a new stake in Vail Resorts in the 2nd quarter worth about $1,739,000. Aurora Investment Counsel raised its position in Vail Resorts by 24.6% in the 2nd quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock worth $2,308,000 after purchasing an additional 2,532 shares during the period. Regal Investment Advisors LLC raised its position in Vail Resorts by 23.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock worth $253,000 after purchasing an additional 271 shares during the period. Finally, Algert Global LLC purchased a new stake in Vail Resorts in the 2nd quarter worth about $689,000. Institutional investors own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Barclays reduced their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Stifel Nicolaus reduced their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Macquarie reaffirmed a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $208.22.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $171.86 on Thursday. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.13. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $236.92. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The firm has a 50 day moving average of $178.11 and a 200 day moving average of $187.24.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($3.35) EPS. On average, sell-side analysts predict that Vail Resorts, Inc. will post 7.31 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend is Tuesday, October 8th. Vail Resorts’s dividend payout ratio is currently 147.26%.

Insiders Place Their Bets

In other news, CFO Angela A. Korch purchased 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were acquired at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Vail Resorts news, insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Angela A. Korch purchased 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.