London Co. of Virginia Sells 12,209 Shares of Vail Resorts, Inc. (NYSE:MTN)

London Co. of Virginia reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,261 shares of the company’s stock after selling 12,209 shares during the quarter. London Co. of Virginia’s holdings in Vail Resorts were worth $26,667,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Graham Capital Management L.P. bought a new position in Vail Resorts in the 4th quarter worth about $923,000. Focus Partners Wealth purchased a new position in shares of Vail Resorts during the fourth quarter worth about $22,255,000. Cetera Investment Advisers grew its holdings in shares of Vail Resorts by 50.9% during the fourth quarter. Cetera Investment Advisers now owns 1,793 shares of the company’s stock worth $336,000 after purchasing an additional 605 shares in the last quarter. Brevan Howard Capital Management LP increased its position in shares of Vail Resorts by 568.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 15,580 shares of the company’s stock worth $2,920,000 after purchasing an additional 13,248 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in Vail Resorts in the fourth quarter valued at approximately $1,732,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTN. JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Macquarie reduced their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Morgan Stanley set a $152.00 price target on Vail Resorts in a research report on Friday, April 25th. Barclays reiterated an “underweight” rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Finally, Mizuho reduced their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $187.60.

Vail Resorts Trading Up 1.2%

Shares of MTN opened at $145.15 on Monday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 24.11, a PEG ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a twelve month low of $129.85 and a twelve month high of $206.38. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a fifty day simple moving average of $148.66 and a two-hundred day simple moving average of $166.44.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $5.76 EPS. Vail Resorts’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

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.