Vail Resorts, Inc. $MTN Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 58.2% in the third quarter, HoldingsChannel.com reports. The firm owned 4,995 shares of the company’s stock after selling 6,955 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC bought a new position in shares of Vail Resorts in the second quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $40,000. Signaturefd LLC grew its holdings in Vail Resorts by 79.6% during the third quarter. Signaturefd LLC now owns 361 shares of the company’s stock worth $50,000 after buying an additional 160 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Vail Resorts during the first quarter worth $54,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 14th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. LADENBURG THALM/SH SH assumed coverage on shares of Vail Resorts in a report on Tuesday, October 13th. They set a “buy” rating and a $192.00 price objective on the stock. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research note on Friday, September 18th. Finally, Morgan Stanley lowered their target price on shares of Vail Resorts from $147.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $150.00.

Vail Resorts Stock Performance

Shares of MTN opened at $160.68 on Thursday. The stock has a 50 day moving average of $143.68 and a 200 day moving average of $138.63. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 11.27 and a beta of 0.73. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $163.34. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, topping the consensus estimate of ($5.35) by $0.01. The business had revenue of $278.07 million for the quarter, compared to analysts’ expectations of $269.30 million. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($5.08) earnings per share. As a group, sell-side analysts forecast that Vail Resorts, Inc. will post 5.51 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Thursday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, October 8th. Vail Resorts’s payout ratio is presently 214.49%.

Vail Resorts Profile

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company’s portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.