APG Asset Management N.V. Lowers Holdings in Vail Resorts, Inc. $MTN

APG Asset Management N.V. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 61.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,398 shares of the company’s stock after selling 25,774 shares during the period. APG Asset Management N.V.’s holdings in Vail Resorts were worth $2,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTN. NBT Bank N A NY boosted its holdings in shares of Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Vail Resorts by 196.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Vail Resorts by 222.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Vail Resorts in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTN shares. Barclays set a $140.00 price target on Vail Resorts in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $156.00 target price on shares of Vail Resorts in a report on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. UBS Group reaffirmed a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a report on Friday, January 16th. Finally, Jefferies Financial Group raised shares of Vail Resorts from a “hold” rating to a “buy” rating and raised their target price for the stock from $159.00 to $165.00 in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vail Resorts has an average rating of “Hold” and an average target price of $173.27.

Vail Resorts Stock Up 2.4%

Vail Resorts stock opened at $138.19 on Wednesday. The company has a market capitalization of $4.94 billion, a P/E ratio of 20.26, a P/E/G ratio of 8.19 and a beta of 0.78. Vail Resorts, Inc. has a 1-year low of $126.15 and a 1-year high of $175.51. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. The firm’s fifty day simple moving average is $137.63 and its 200-day simple moving average is $145.53.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. During the same period in the previous year, the business posted ($4.61) EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Tuesday, December 30th were issued a $2.22 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 annualized dividend and a yield of 6.4%. Vail Resorts’s dividend payout ratio (DPR) is currently 130.21%.

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.