London Co. of Virginia Sells 8,000 Shares of Vail Resorts, Inc. $MTN

London Co. of Virginia cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 143,680 shares of the company’s stock after selling 8,000 shares during the period. London Co. of Virginia’s holdings in Vail Resorts were worth $21,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors raised its holdings in Vail Resorts by 67.0% during the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock worth $450,724,000 after purchasing an additional 1,208,874 shares during the last quarter. GRS Advisors LLC acquired a new position in shares of Vail Resorts in the 2nd quarter worth approximately $71,753,000. Norges Bank bought a new stake in shares of Vail Resorts in the 2nd quarter valued at $51,685,000. Bamco Inc. NY increased its position in shares of Vail Resorts by 4.1% during the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after buying an additional 227,143 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Vail Resorts by 41.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 554,307 shares of the company’s stock worth $82,908,000 after buying an additional 161,562 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Stock Up 0.6%

Vail Resorts stock opened at $132.50 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 12-month low of $126.15 and a 12-month high of $175.51. The firm’s fifty day moving average is $137.60 and its 200 day moving average is $144.06. The company has a market capitalization of $4.74 billion, a PE ratio of 21.62, a PEG ratio of 9.07 and a beta of 0.78.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $6.56 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, March 26th. This represents a $8.88 annualized dividend and a dividend yield of 6.7%. Vail Resorts’s dividend payout ratio (DPR) is currently 144.86%.

Insider Activity

In other news, CEO Robert A. Katz purchased 37,500 shares of the business’s stock in a transaction on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the acquisition, the chief executive officer owned 285,312 shares in the company, valued at approximately $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Angela A. Korch purchased 190 shares of the business’s stock in a transaction on Monday, March 16th. The stock was purchased at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the acquisition, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. This represents a 3.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTN. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 10th. Barclays decreased their price target on Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. UBS Group reissued a “neutral” rating and issued a $169.00 price objective on shares of Vail Resorts in a research report on Friday, January 16th. Truist Financial dropped their price objective on Vail Resorts from $234.00 to $217.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $165.00.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.