Vail Resorts, Inc. $MTN Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 700,826 shares of the company’s stock after selling 9,627 shares during the period. Geode Capital Management LLC’s holdings in Vail Resorts were worth $93,089,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BOKF NA increased its holdings in shares of Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Danske Bank A S acquired a new position in shares of Vail Resorts during the third quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in shares of Vail Resorts during the fourth quarter valued at $43,000. Finally, Employees Retirement System of Texas acquired a new position in shares of Vail Resorts during the third quarter valued at $46,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTN has been the subject of several research reports. Barclays decreased their target price on Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $159.00 to $151.00 and set a “hold” rating for the company in a research note on Friday, March 6th. UBS Group decreased their target price on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. Finally, Stifel Nicolaus dropped their target price on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $161.82.

Insider Buying and Selling at Vail Resorts

In related news, CFO Angela A. Korch bought 190 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $131.85 per share, with a total value of $25,051.50. Following the completion of the acquisition, the chief financial officer directly owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert A. Katz bought 37,500 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the acquisition, the chief executive officer owned 285,312 shares of the company’s stock, valued at $37,606,974.72. The trade was a 15.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Trading Up 0.7%

Shares of NYSE MTN opened at $135.34 on Friday. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $172.00. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 11.52 and a beta of 0.72. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The business has a fifty day simple moving average of $127.96 and a 200-day simple moving average of $135.35.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $6.56 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts predict that Vail Resorts, Inc. will post 4.76 EPS for the current year.

About Vail Resorts

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.