Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.3% in the 3rd quarter, Holdings Channel reports. The fund owned 8,157 shares of the company’s stock after selling 364 shares during the quarter. Victory Capital Management Inc.’s holdings in Vail Resorts were worth $1,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after acquiring an additional 83 shares during the period. V Square Quantitative Management LLC purchased a new position in Vail Resorts during the third quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in Vail Resorts in the third quarter valued at about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, UMB Bank n.a. increased its position in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Stifel Nicolaus reduced their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Macquarie restated a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Finally, Barclays decreased their price objective 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $205.90.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. The trade was a 8.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction 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 transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents 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.

Vail Resorts Price Performance

Vail Resorts stock opened at $187.13 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The firm’s 50-day simple moving average is $175.63 and its 200 day simple moving average is $179.75. Vail Resorts, Inc. has a 52 week low of $165.00 and a 52 week high of $236.92. The firm has a market capitalization of $7.02 billion, a PE ratio of 31.03, a P/E/G ratio of 1.76 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last released 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 business had revenue of $265.39 million during the quarter, compared to analyst estimates of $264.84 million. During the same quarter in the prior year, the company earned ($3.35) earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a $2.22 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 4.75%. Vail Resorts’s dividend payout ratio is currently 147.26%.

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.