Vail Resorts, Inc. $MTN Shares Sold by Eldred Rock Partners LLC

Eldred Rock Partners LLC trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,674 shares of the company’s stock after selling 10,002 shares during the quarter. Vail Resorts accounts for about 2.8% of Eldred Rock Partners LLC’s portfolio, making the stock its 21st largest position. Eldred Rock Partners LLC owned approximately 0.23% of Vail Resorts worth $10,714,000 as of its most recent SEC filing.

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

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $131.07 on Friday. Vail Resorts, Inc. has a twelve month low of $123.82 and a twelve month high of $175.51. 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 has a market cap of $4.67 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 9.26 and a beta of 0.79. The company’s 50 day moving average is $135.46 and its 200 day moving average is $142.12.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The business 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%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.56 earnings per share. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, March 26th. Vail Resorts’s dividend payout ratio is presently 144.86%.

Insider Activity

In related news, CEO Robert A. Katz acquired 37,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $131.81 per share, with a total value of $4,942,875.00. Following the acquisition, the chief executive officer directly owned 285,312 shares in the company, valued at $37,606,974.72. This represents a 15.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Angela A. Korch bought 190 shares of the stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the purchase, the chief financial officer directly owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. The trade was a 3.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on MTN shares. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $159.00 to $165.00 in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Mizuho cut their target price on Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $159.00 to $151.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.