Crossmark Global Holdings Inc. Sells 416 Shares of Vail Resorts, Inc. (NYSE:MTN)

Crossmark Global Holdings Inc. lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 14.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,462 shares of the company’s stock after selling 416 shares during the period. Crossmark Global Holdings Inc.’s holdings in Vail Resorts were worth $444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MTN. Quarry LP acquired a new position in Vail Resorts in the fourth quarter valued at approximately $35,000. Canton Hathaway LLC lifted its position in shares of Vail Resorts by 66.7% during the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Triad Wealth Partners LLC bought a new position in Vail Resorts during the second quarter worth $51,000. GAMMA Investing LLC grew its holdings in Vail Resorts by 27.9% in the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after purchasing an additional 56 shares during the period. Finally, Versant Capital Management Inc increased its stake in Vail Resorts by 1,250.0% in the second quarter. Versant Capital Management Inc now owns 324 shares of the company’s stock valued at $58,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 575 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $176.20 per share, with a total value of $101,315.00. Following the completion of the transaction, the chief financial officer now owns 1,171 shares of the company’s stock, valued at approximately $206,330.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $181.70 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The stock’s fifty day simple moving average is $177.30 and its two-hundred day simple moving average is $197.40. Vail Resorts, Inc. has a 1-year low of $165.14 and a 1-year high of $254.78. The stock has a market cap of $6.84 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 6th. The company reported $9.54 EPS for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.31 billion. As a group, analysts forecast that Vail Resorts, Inc. will post 6.48 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were paid a $2.22 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.89%. Vail Resorts’s payout ratio is presently 120.82%.

Wall Street Analyst Weigh In

MTN has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, June 7th. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Barclays decreased their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Stifel Nicolaus cut their target price on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Mizuho decreased their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $221.50.

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.