Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 31.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,052 shares of the company’s stock after selling 920 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vail Resorts were worth $385,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MTN. Bamco Inc. NY raised its position in Vail Resorts by 2.7% in the third quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after purchasing an additional 136,328 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Vail Resorts by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock valued at $201,263,000 after purchasing an additional 40,643 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 8.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock worth $119,734,000 after purchasing an additional 51,438 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after acquiring an additional 8,422 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in Vail Resorts by 606.6% in the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after purchasing an additional 293,006 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MTN has been the subject of a number of analyst reports. Mizuho boosted their price objective on Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their target price on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $197.00 price target on shares of Vail Resorts in a research report on Monday, December 23rd. Finally, StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.50.

Vail Resorts Stock Down 1.2 %

MTN opened at $166.53 on Monday. 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 business has a 50 day moving average price of $183.33 and a 200 day moving average price of $179.17. The firm has a market cap of $6.23 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data 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. The company had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned ($4.60) earnings per share. Research analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a yield of 5.33%. Vail Resorts’s dividend payout ratio is currently 147.51%.

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.