Doliver Advisors LP Lowers Stake in Vail Resorts, Inc. (NYSE:MTN)

Doliver Advisors LP lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 3.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,750 shares of the company’s stock after selling 153 shares during the period. Doliver Advisors LP’s holdings in Vail Resorts were worth $600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new stake in shares of Vail Resorts during the 4th quarter valued at $3,134,000. Western Pacific Wealth Management LP purchased a new stake in shares of Vail Resorts during the 4th quarter valued at $291,000. Mutual of America Capital Management LLC raised its position in shares of Vail Resorts by 146.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 133,082 shares of the company’s stock valued at $24,946,000 after buying an additional 79,183 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vail Resorts by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,716,657 shares of the company’s stock valued at $696,687,000 after buying an additional 25,916 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Vail Resorts by 17.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company’s stock worth $5,187,000 after purchasing an additional 4,080 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 185 shares of Vail Resorts stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at $472,960. This represents a 6.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Vail Resorts Price Performance

MTN stock opened at $160.29 on Friday. The firm’s 50-day moving average price is $146.28 and its two-hundred day moving average price is $164.45. Vail Resorts, Inc. has a 12-month low of $129.85 and a 12-month high of $199.45. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.93 and a beta of 0.91. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company earned $5.76 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price target for the company in a research note on Wednesday. Barclays reissued an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Macquarie lowered their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Bank of America boosted their price target on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $189.10.

About Vail Resorts

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.