K.J. Harrison & Partners Inc Decreases Stake in Vail Resorts, Inc. (NYSE:MTN)

K.J. Harrison & Partners Inc lessened its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 19.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,150 shares of the company’s stock after selling 2,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Vail Resorts were worth $1,740,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Vail Resorts by 2,451.9% during the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after acquiring an additional 400,941 shares during the period. Ceredex Value Advisors LLC purchased a new stake in Vail Resorts during the fourth quarter worth $35,645,000. London Co. of Virginia purchased a new stake in Vail Resorts during the third quarter worth $32,280,000. Principal Financial Group Inc. grew its holdings in Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after purchasing an additional 131,170 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Vail Resorts by 42.3% in the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock valued at $83,225,000 after buying an additional 111,487 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MTN has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $263.00 price objective on shares of Vail Resorts in a research note on Friday, March 22nd. JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial reissued a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Mizuho started coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a report on Monday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $260.11.

Vail Resorts Trading Down 0.4 %

Shares of MTN stock traded down $0.72 during mid-day trading on Friday, hitting $198.30. 349,512 shares of the company’s stock were exchanged, compared to its average volume of 490,178. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.23 and a beta of 1.11. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a fifty-two week low of $198.18 and a fifty-two week high of $258.13. The stock has a 50-day simple moving average of $222.50 and a two-hundred day simple moving average of $220.81.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $5.16 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Equities analysts expect that Vail Resorts, Inc. will post 7.6 EPS for the current fiscal year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 annualized dividend and a yield of 4.48%. Vail Resorts’s dividend payout ratio is 148.25%.

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.