Hsbc Holdings PLC Has $1.41 Million Holdings in Vail Resorts, Inc. (NYSE:MTN)

Hsbc Holdings PLC cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 82.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,833 shares of the company’s stock after selling 36,407 shares during the quarter. Hsbc Holdings PLC’s holdings in Vail Resorts were worth $1,411,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Amalgamated Bank boosted its stake in Vail Resorts by 7.7% in the second quarter. Amalgamated Bank now owns 22,379 shares of the company’s stock valued at $4,031,000 after buying an additional 1,603 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Vail Resorts by 36.3% in the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock valued at $64,195,000 after buying an additional 94,923 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after buying an additional 153 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Vail Resorts by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 129,550 shares of the company’s stock valued at $23,336,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Condor Capital Management raised its position in Vail Resorts by 0.8% in the second quarter. Condor Capital Management now owns 11,172 shares of the company’s stock valued at $2,013,000 after purchasing an additional 88 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley increased their target price on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Stifel Nicolaus dropped their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays dropped their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average target price of $211.75.

Vail Resorts Trading Down 3.9 %

Shares of MTN stock opened at $180.65 on Friday. The company has a market cap of $6.80 billion, a P/E ratio of 24.58, a PEG ratio of 2.56 and a beta of 1.14. The stock has a 50 day simple moving average of $179.54 and a two-hundred day simple moving average of $191.96. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $242.47.

Vail Resorts (NYSE:MTN) last issued its 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 during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($3.35) earnings per share. Research analysts forecast that Vail Resorts, Inc. will post 6.44 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 4.92%. Vail Resorts’s payout ratio is currently 120.82%.

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.