Park Avenue Securities LLC Decreases Stake in Vail Resorts, Inc. (NYSE:MTN)

Park Avenue Securities LLC reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 15.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,507 shares of the company’s stock after selling 465 shares during the period. Park Avenue Securities LLC’s holdings in Vail Resorts were worth $437,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Vail Resorts by 1.0% during the first quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after purchasing an additional 17,432 shares during the last quarter. TPG GP A LLC lifted its position in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after purchasing an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after purchasing an additional 553,337 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock worth $98,470,000 after purchasing an additional 24,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after purchasing an additional 94,923 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $172.80 on Friday. The firm’s 50 day moving average is $177.97 and its two-hundred day moving average is $188.29. Vail Resorts, Inc. has a 52 week low of $165.14 and a 52 week high of $236.92. The firm has a market capitalization of $6.48 billion, a P/E ratio of 28.66, a PEG ratio of 1.57 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The firm had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same quarter in the previous year, the business posted ($3.35) EPS. Vail Resorts’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts anticipate that Vail Resorts, Inc. will post 7.52 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.14%. Vail Resorts’s payout ratio is currently 147.26%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MTN. Morgan Stanley increased their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Stifel Nicolaus cut their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Barclays cut their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a report on Friday, September 27th. Finally, StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Three investment 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, the stock currently has an average rating of “Hold” and a consensus price target of $208.22.

Insider Activity at Vail Resorts

In related news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 $43,284,216.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Angela A. Korch acquired 165 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

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.