London Co. of Virginia Sells 40,966 Shares of Vail Resorts, Inc. $MTN

London Co. of Virginia lessened its position in Vail Resorts, Inc. (NYSE:MTN) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,714 shares of the company’s stock after selling 40,966 shares during the period. London Co. of Virginia owned approximately 0.29% of Vail Resorts worth $13,641,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kazazian Asset Management LLC bought a new stake in Vail Resorts in the third quarter valued at approximately $1,296,000. Waratah Capital Advisors Ltd. increased its stake in Vail Resorts by 31.5% in the third quarter. Waratah Capital Advisors Ltd. now owns 228,388 shares of the company’s stock valued at $34,160,000 after purchasing an additional 54,722 shares in the last quarter. Oasis Management Co Ltd. increased its stake in Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after purchasing an additional 141,500 shares in the last quarter. CenterBook Partners LP increased its stake in Vail Resorts by 423.9% in the third quarter. CenterBook Partners LP now owns 18,074 shares of the company’s stock valued at $2,703,000 after purchasing an additional 14,624 shares in the last quarter. Finally, CWM LLC increased its stake in Vail Resorts by 1,904.9% in the fourth quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after purchasing an additional 13,353 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MTN. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Mizuho set a $174.00 price target on shares of Vail Resorts in a report on Tuesday, June 9th. Zacks Research cut shares of Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, Wells Fargo & Company began coverage on shares of Vail Resorts in a report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Stock Up 1.7%

Vail Resorts stock opened at $136.73 on Wednesday. The stock has a market capitalization of $4.87 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 12.45 and a beta of 0.72. Vail Resorts, Inc. has a twelve month low of $118.51 and a twelve month high of $172.00. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The company has a 50 day moving average of $128.88 and a 200-day moving average of $135.15.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $10.54 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vail Resorts, Inc. will post 4.37 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, June 25th. This represents a $8.88 annualized dividend and a yield of 6.5%. Vail Resorts’s dividend payout ratio is presently 201.82%.

Vail Resorts Company 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.