Confluence Investment Management LLC Trims Stock Position in Vail Resorts, Inc. $MTN

Confluence Investment Management LLC trimmed its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,355 shares of the company’s stock after selling 13,200 shares during the quarter. Confluence Investment Management LLC owned about 0.12% of Vail Resorts worth $5,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MTN. BOKF NA raised its stake in shares of Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. NBT Bank N A NY lifted its holdings in shares of Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC grew its position in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Danske Bank A S purchased a new position in Vail Resorts in the 3rd quarter valued at $30,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Vail Resorts in the 2nd quarter valued at $33,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Down 2.8%

MTN stock opened at $131.98 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. The company’s 50-day moving average price is $137.63 and its 200 day moving average price is $143.59. Vail Resorts, Inc. has a 52 week low of $126.15 and a 52 week high of $175.51. The company has a market cap of $4.72 billion, a P/E ratio of 21.53, a P/E/G ratio of 9.35 and a beta of 0.78.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. Vail Resorts’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.56 earnings per share. On average, research analysts expect that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 144.86%.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 190 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the transaction, the chief financial officer directly owned 5,539 shares in the company, valued at $730,317.15. This represents a 3.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert A. Katz acquired 37,500 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the transaction, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of several recent analyst reports. Barclays reduced their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Morgan Stanley cut their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. JPMorgan Chase & Co. lowered their price objective on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a report on Tuesday, March 10th. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Finally, Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.00.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.