Keeley Teton Advisors LLC decreased its stake in Vail Resorts, Inc. (NYSE:MTN) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,103 shares of the company’s stock after selling 6,078 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Vail Resorts were worth $9,087,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in MTN. Highwater Wealth Management LLC acquired a new stake in Vail Resorts in the 4th quarter valued at $32,000. Exane Derivatives boosted its stake in Vail Resorts by 3,080.0% in the 4th quarter. Exane Derivatives now owns 159 shares of the company’s stock valued at $34,000 after buying an additional 154 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Vail Resorts by 700.0% in the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after buying an additional 175 shares in the last quarter. Quattro Financial Advisors LLC acquired a new position in Vail Resorts in the fourth quarter worth $55,000. Finally, Flagship Harbor Advisors LLC boosted its stake in Vail Resorts by 526.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 282 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares in the last quarter. 98.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of MTN opened at $207.79 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Vail Resorts, Inc. has a 12-month low of $179.60 and a 12-month high of $302.76. The firm has a market cap of $8.33 billion, a PE ratio of 33.03 and a beta of 0.62.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Friday, December 7th. The company reported ($2.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.44) by ($0.22). Vail Resorts had a net margin of 14.94% and a return on equity of 13.55%. The firm had revenue of $220.00 million for the quarter, compared to analyst estimates of $235.08 million. During the same period last year, the company earned ($2.00) EPS. The company’s revenue was down .4% compared to the same quarter last year. Research analysts anticipate that Vail Resorts, Inc. will post 7.14 EPS for the current fiscal year.
In other news, Director John F. Sorte sold 2,134 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $240.02, for a total transaction of $512,202.68. Following the transaction, the director now owns 47,314 shares of the company’s stock, valued at $11,356,306.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.90% of the company’s stock.
A number of research firms have commented on MTN. KeyCorp set a $210.00 price objective on Vail Resorts and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Deutsche Bank reduced their price objective on Vail Resorts from $294.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 14th. Stifel Nicolaus reissued a “hold” rating on shares of Vail Resorts in a research note on Friday, January 11th. Finally, Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating in a research note on Friday, January 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $280.75.
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About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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