Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,157 shares of the company’s stock after selling 364 shares during the quarter. Victory Capital Management Inc.’s holdings in Vail Resorts were worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTN. UniSuper Management Pty Ltd increased its position in shares of Vail Resorts by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $111,000 after acquiring an additional 200 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Vail Resorts by 8.5% in the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after purchasing an additional 78 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Vail Resorts by 5.9% during the first quarter. Kennedy Capital Management LLC now owns 7,023 shares of the company’s stock worth $1,565,000 after purchasing an additional 394 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Vail Resorts by 28.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,689 shares of the company’s stock worth $597,000 after purchasing an additional 590 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Vail Resorts by 1.0% in the first quarter. California State Teachers Retirement System now owns 61,727 shares of the company’s stock valued at $13,755,000 after buying an additional 598 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MTN shares. StockNews.com lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Barclays dropped their price objective 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. Morgan Stanley upped their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, Macquarie restated a “neutral” rating and issued a $180.00 price target on shares of Vail Resorts in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $205.90.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch bought 165 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the transaction, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Vail Resorts Stock Performance

NYSE:MTN opened at $187.13 on Tuesday. The firm has a market capitalization of $7.02 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71. The business’s fifty day moving average price is $175.63 and its 200 day moving average price is $179.75. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last released 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 analysts’ expectations of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.35) EPS. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.27 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.75%. Vail Resorts’s payout ratio is currently 147.26%.

Vail Resorts 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.