Insider Selling: Vail Resorts, Inc. (NYSE:MTN) Insider Sells 9,296 Shares of Stock

Vail Resorts, Inc. (NYSE:MTN) insider Robert A. Katz sold 9,296 shares of Vail Resorts stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The sale was disclosed in a document filed with the SEC, which is available at this link.

Vail Resorts Price Performance

Shares of Vail Resorts stock traded down $1.84 during trading on Thursday, hitting $174.06. The stock had a trading volume of 412,064 shares, compared to its average volume of 532,392. The business has a fifty day moving average of $179.20 and a two-hundred day moving average of $190.75. The firm has a market cap of $6.55 billion, a P/E ratio of 23.61, a PEG ratio of 2.48 and a beta of 1.13. Vail Resorts, Inc. has a fifty-two week low of $165.14 and a fifty-two week high of $236.92. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08.

Vail Resorts (NYSE:MTN) last issued its quarterly 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 analyst estimates of $264.84 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.33%. Vail Resorts’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.35) earnings per share. On average, sell-side analysts expect that Vail Resorts, Inc. will post 8.16 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be given a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 5.10%. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after acquiring an additional 56 shares during the last quarter. Park Avenue Securities LLC increased its stake in Vail Resorts by 2.1% in the 1st quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $668,000 after purchasing an additional 62 shares in the last quarter. Fairbanks Capital Management Inc. raised its holdings in Vail Resorts by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after buying an additional 63 shares during the period. Artemis Investment Management LLP raised its holdings in Vail Resorts by 4.6% during the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after buying an additional 75 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in Vail Resorts by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MTN shares. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. Morgan Stanley boosted their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $217.00 to $176.00 in a research report on Friday, June 7th. Barclays reduced their price target on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $208.22.

About Vail Resorts

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.