Nordea Investment Management AB Decreases Stock Holdings in Vail Resorts, Inc. $MTN

Nordea Investment Management AB trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,988 shares of the company’s stock after selling 423 shares during the quarter. Nordea Investment Management AB owned about 0.21% of Vail Resorts worth $12,372,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MTN. First Pacific Advisors LP lifted its stake in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company’s stock worth $128,910,000 after purchasing an additional 283,299 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vail Resorts in the 1st quarter worth approximately $20,315,000. Hsbc Holdings PLC lifted its stake in Vail Resorts by 9,378.0% in the 1st quarter. Hsbc Holdings PLC now owns 125,962 shares of the company’s stock worth $20,018,000 after purchasing an additional 124,633 shares in the last quarter. Trexquant Investment LP lifted its stake in Vail Resorts by 355.2% in the 1st quarter. Trexquant Investment LP now owns 142,522 shares of the company’s stock worth $22,806,000 after purchasing an additional 111,213 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Vail Resorts in the 1st quarter worth approximately $16,587,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings lowered shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Zacks Research lowered shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Finally, Bank of America reduced their price target on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Stock Up 0.3%

Vail Resorts stock opened at $150.05 on Monday. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. 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 firm has a 50 day moving average price of $152.98 and a 200 day moving average price of $151.76. The company has a market capitalization of $5.38 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.52 and a beta of 0.86.

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

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 5.9%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s dividend payout ratio (DPR) is 119.84%.

Insiders Place Their Bets

In related news, CFO Angela A. Korch bought 210 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

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.