Nordea Investment Management AB Sells 13,061 Shares of Vail Resorts, Inc. (NYSE:MTN)

Nordea Investment Management AB reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,421 shares of the company’s stock after selling 13,061 shares during the quarter. Nordea Investment Management AB owned 0.22% of Vail Resorts worth $15,682,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTN. Everence Capital Management Inc. bought a new position in shares of Vail Resorts during the 4th quarter worth approximately $347,000. Inspire Trust Co. N.A. raised its position in shares of Vail Resorts by 33.8% in the third quarter. Inspire Trust Co. N.A. now owns 7,800 shares of the company’s stock valued at $1,359,000 after purchasing an additional 1,970 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Vail Resorts during the 3rd quarter worth about $87,000. TD Private Client Wealth LLC boosted its holdings in shares of Vail Resorts by 25.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,053 shares of the company’s stock worth $2,449,000 after buying an additional 2,817 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in Vail Resorts in the 3rd quarter valued at about $278,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $179.72 on Thursday. The company’s 50-day moving average price is $182.72 and its two-hundred day moving average price is $179.04. The firm has a market cap of $6.73 billion, a P/E ratio of 29.85, a P/E/G ratio of 2.22 and a beta of 1.12. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same period in the previous year, the business earned ($4.60) earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that Vail Resorts, Inc. will post 7.49 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, December 26th. Vail Resorts’s dividend payout ratio is 147.51%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTN. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. UBS Group began coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective on the stock. Barclays boosted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $197.00 price target on shares of Vail Resorts in a research note on Monday, December 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Vail Resorts has an average rating of “Hold” and a consensus target price of $205.50.

Vail Resorts 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.