Oppenheimer & Co. Inc. Lowers Position in Vail Resorts, Inc. $MTN

Oppenheimer & Co. Inc. lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 28.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,678 shares of the company’s stock after selling 5,899 shares during the period. Oppenheimer & Co. Inc.’s holdings in Vail Resorts were worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTN. Goldman Sachs Group Inc. raised its position in shares of Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after buying an additional 3,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Vail Resorts by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after buying an additional 2,824 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Vail Resorts by 24.1% in the second quarter. Prudential Financial Inc. now owns 3,086 shares of the company’s stock worth $525,000 after buying an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Vail Resorts in the second quarter worth $2,119,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Vail Resorts

In related news, CEO Robert A. Katz acquired 37,500 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the completion of the purchase, the chief executive officer owned 285,312 shares of the company’s stock, valued at $37,606,974.72. This represents a 15.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angela A. Korch acquired 190 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. BNP Paribas Exane reiterated an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Mizuho lowered their price objective 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. Jefferies Financial Group upgraded Vail Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $159.00 to $165.00 in a research report on Tuesday, January 13th. UBS Group lowered their price target on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Finally, Stifel Nicolaus lowered their price target on Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $161.82.

Vail Resorts Trading Down 2.0%

NYSE MTN opened at $123.30 on Tuesday. The stock’s 50-day simple moving average is $132.12 and its two-hundred day simple moving average is $138.86. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $175.51. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 10.63 and a beta of 0.70.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business earned $6.56 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts forecast that Vail Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a yield of 7.2%. Vail Resorts’s dividend payout ratio (DPR) is presently 144.86%.

Vail Resorts Profile

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.