Rhumbline Advisers Sells 1,122 Shares of Vail Resorts, Inc. (NYSE:MTN)

Rhumbline Advisers trimmed its position in Vail Resorts, Inc. (NYSE:MTN) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 113,760 shares of the company’s stock after selling 1,122 shares during the period. Rhumbline Advisers owned 0.30% of Vail Resorts worth $21,324,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Vail Resorts in the third quarter valued at $25,000. Heck Capital Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. increased its holdings in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at $40,000. Finally, Venturi Wealth Management LLC increased its holdings in Vail Resorts by 165.3% in the third quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock valued at $56,000 after purchasing an additional 200 shares during the period. 94.94% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $158.43 on Friday. Vail Resorts, Inc. has a fifty-two week low of $158.27 and a fifty-two week high of $236.92. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm’s 50-day simple moving average is $176.47 and its 200 day simple moving average is $177.37.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter last year, the firm earned ($4.60) EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.61%. Vail Resorts’s dividend payout ratio is currently 147.51%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTN. Stifel Nicolaus increased their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Macquarie increased their price target on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Barclays increased their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Morgan Stanley reiterated an “equal weight” rating and set a $197.00 price target on shares of Vail Resorts in a report on Monday, December 23rd. Finally, UBS Group initiated coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $204.50.

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.