SG Americas Securities LLC Lowers Stock Holdings in Vail Resorts, Inc. $MTN

SG Americas Securities LLC lowered its stake in Vail Resorts, Inc. (NYSE:MTN) by 89.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,557 shares of the company’s stock after selling 13,599 shares during the period. SG Americas Securities LLC’s holdings in Vail Resorts were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SouthState Corp acquired a new stake in shares of Vail Resorts during the first quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Vail Resorts by 676.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after acquiring an additional 169 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Vail Resorts by 222.7% in the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after acquiring an additional 147 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Vail Resorts by 217.6% in the second quarter. Signaturefd LLC now owns 216 shares of the company’s stock valued at $34,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTN. Morgan Stanley raised their price objective on shares of Vail Resorts from $146.00 to $153.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Wednesday, September 17th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price target (down from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Bank of America dropped their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Finally, Barclays reduced their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $175.60.

Insider Activity

In other news, CFO Angela A. Korch bought 210 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was acquired at an average cost of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Stock Performance

NYSE MTN opened at $140.21 on Monday. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $199.45. The business’s 50-day moving average price is $147.71 and its 200 day moving average price is $152.94. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44. The company has a market capitalization of $5.03 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90.

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

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Thursday, October 9th were issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Thursday, October 9th. Vail Resorts’s dividend payout ratio is currently 119.84%.

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.