Vail Resorts, Inc. (NYSE:MTN) Stake Cut by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,705 shares of the company’s stock after selling 1,157 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Vail Resorts worth $7,966,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MTN. Wealth Enhancement Advisory Services LLC purchased a new position in Vail Resorts during the second quarter valued at approximately $257,000. Assenagon Asset Management S.A. grew its holdings in shares of Vail Resorts by 620.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock valued at $2,992,000 after acquiring an additional 14,303 shares in the last quarter. Raymond James & Associates increased its stake in shares of Vail Resorts by 29.3% in the second quarter. Raymond James & Associates now owns 87,539 shares of the company’s stock worth $15,768,000 after acquiring an additional 19,857 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Vail Resorts by 28.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,645 shares of the company’s stock worth $665,000 after acquiring an additional 798 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Vail Resorts by 20.9% during the second quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock worth $88,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial dropped their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays lifted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. Macquarie boosted their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley raised their price target on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $189.19 on Wednesday. Vail Resorts, Inc. has a 1-year low of $165.00 and a 1-year high of $236.92. The firm has a fifty day simple moving average of $178.07 and a 200-day simple moving average of $178.78. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.22 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.07% and a return on equity of 21.90%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned ($4.60) earnings per share. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.49 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.69%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s dividend payout ratio is currently 147.51%.

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.