First Hawaiian Bank decreased its holdings in Vail Resorts, Inc. (NYSE:MTN) by 70.8% in the first quarter, Holdings Channel reports. The fund owned 215 shares of the company’s stock after selling 522 shares during the period. First Hawaiian Bank’s holdings in Vail Resorts were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTN. Norges Bank purchased a new stake in shares of Vail Resorts in the 4th quarter valued at approximately $72,303,000. Westfield Capital Management Co. LP boosted its position in shares of Vail Resorts by 177.1% during the 4th quarter. Westfield Capital Management Co. LP now owns 388,804 shares of the company’s stock worth $81,968,000 after purchasing an additional 248,474 shares during the period. Marshall Wace LLP boosted its position in shares of Vail Resorts by 131.8% during the 3rd quarter. Marshall Wace LLP now owns 309,247 shares of the company’s stock worth $84,864,000 after purchasing an additional 175,845 shares during the period. Morgan Stanley boosted its position in shares of Vail Resorts by 151.5% during the 3rd quarter. Morgan Stanley now owns 238,162 shares of the company’s stock worth $65,355,000 after purchasing an additional 143,471 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Vail Resorts by 44.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 454,399 shares of the company’s stock worth $95,796,000 after purchasing an additional 140,396 shares during the period. Institutional investors own 99.20% of the company’s stock.

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $216.47, for a total transaction of $216,470.00. Following the sale, the director now directly owns 8,372 shares in the company, valued at approximately $1,812,286.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the sale, the executive vice president now owns 4,573 shares in the company, valued at $976,381.23. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on MTN shares. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating in a research report on Friday, January 11th. Deutsche Bank lowered their price objective on shares of Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Vail Resorts in a research report on Friday, January 11th. KeyCorp set a $210.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Finally, Zacks Investment Research cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $266.45.

Vail Resorts stock opened at $217.09 on Monday. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 34.51 and a beta of 0.65. Vail Resorts, Inc. has a 52-week low of $179.60 and a 52-week high of $302.76. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80.

Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.79 by $0.23. The company had revenue of $849.60 million for the quarter, compared to analyst estimates of $841.76 million. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.12 EPS. Equities analysts expect that Vail Resorts, Inc. will post 7.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Wednesday, March 27th were issued a dividend of $1.76 per share. The ex-dividend date was Tuesday, March 26th. This is a positive change from Vail Resorts’s previous quarterly dividend of $1.47. This represents a $7.04 dividend on an annualized basis and a yield of 3.24%. Vail Resorts’s dividend payout ratio is 111.92%.

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Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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