Parallel Advisors LLC Trims Stock Position in Vail Resorts, Inc. (NYSE:MTN)

Parallel Advisors LLC decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,275 shares of the company’s stock after selling 961 shares during the period. Parallel Advisors LLC’s holdings in Vail Resorts were worth $2,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Vail Resorts by 71.0% in the 3rd quarter. Huntington National Bank now owns 419 shares of the company’s stock worth $73,000 after buying an additional 174 shares during the period. Empowered Funds LLC lifted its stake in Vail Resorts by 30.9% in the third quarter. Empowered Funds LLC now owns 3,076 shares of the company’s stock worth $536,000 after acquiring an additional 727 shares during the period. Natixis Advisors LLC grew its holdings in Vail Resorts by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 18,571 shares of the company’s stock worth $3,237,000 after acquiring an additional 1,152 shares in the last quarter. Pathstone Holdings LLC grew its holdings in Vail Resorts by 39.9% during the 3rd quarter. Pathstone Holdings LLC now owns 8,962 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,557 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Vail Resorts during the 3rd quarter valued at about $1,152,000. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

MTN has been the subject of several research reports. Mizuho lowered their price target on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus increased their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley reduced their price target on Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday, March 11th. Finally, Macquarie cut their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $193.56.

Insider Buying and Selling

In other news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $160.00 per share, with a total value of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. The trade was a 6.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Price Performance

NYSE:MTN opened at $160.53 on Wednesday. The firm’s fifty day moving average is $166.60 and its two-hundred day moving average is $175.27. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. Vail Resorts, Inc. has a one year low of $151.99 and a one year high of $233.57.

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

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.53%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio is currently 130.21%.

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.