Keybank National Association OH Reduces Stock Holdings in Vail Resorts, Inc. $MTN

Keybank National Association OH cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 13.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,287 shares of the company’s stock after selling 344 shares during the period. Keybank National Association OH’s holdings in Vail Resorts were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTN. Hantz Financial Services Inc. increased its stake in Vail Resorts by 260.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 245 shares of the company’s stock valued at $38,000 after purchasing an additional 177 shares in the last quarter. First Pacific Advisors LP increased its position in Vail Resorts by 23.4% in the second quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after buying an additional 188,151 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Vail Resorts by 3.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,670 shares of the company’s stock valued at $891,000 after purchasing an additional 197 shares during the period. Green Alpha Advisors LLC raised its stake in Vail Resorts by 7.2% during the 2nd quarter. Green Alpha Advisors LLC now owns 4,990 shares of the company’s stock valued at $784,000 after purchasing an additional 333 shares during the period. Finally, Whipplewood Advisors LLC lifted its stake in Vail Resorts by 1,018.9% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,600 shares of the company’s stock worth $251,000 after purchasing an additional 1,457 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

MTN has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Vail Resorts from $146.00 to $153.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Truist Financial reduced their target price on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Barclays lowered their price objective on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research note on Tuesday, September 30th. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $175.60.

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were acquired at an average cost of $155.00 per share, with a total value of $32,550.00. Following the acquisition, the chief financial officer directly owned 4,905 shares of the company’s stock, valued at approximately $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Vail Resorts Stock Performance

Shares of MTN opened at $145.60 on Thursday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.56 and a current ratio of 0.63. The stock has a 50-day moving average of $151.41 and a two-hundred day moving average of $152.71. The stock has a market cap of $5.22 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.50 and a beta of 0.86. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $199.45.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The firm had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. During the same period in the prior year, the company posted ($4.67) earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.1%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Vail Resorts Company 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.