Heartland Advisors Inc. Sells 11,268 Shares of Vail Resorts, Inc. (NYSE:MTN)

Heartland Advisors Inc. decreased its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 17.0% in the 4th quarter, Holdings Channel reports. The firm owned 55,132 shares of the company’s stock after selling 11,268 shares during the quarter. Heartland Advisors Inc.’s holdings in Vail Resorts were worth $10,334,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts in the 4th quarter valued at about $33,000. Blue Trust Inc. grew its position in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Vail Resorts in the 4th quarter valued at $40,000. UMB Bank n.a. lifted its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company’s stock valued at $57,000 after acquiring an additional 83 shares during the period. Finally, Quarry LP boosted its stake in Vail Resorts by 418.6% during the third quarter. Quarry LP now owns 363 shares of the company’s stock worth $63,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.9 %

Vail Resorts stock opened at $161.06 on Friday. The firm has a 50 day moving average price of $163.87 and a 200-day moving average price of $174.29. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. Vail Resorts, Inc. has a twelve month low of $151.99 and a twelve month high of $233.57. The company has a market capitalization of $6.01 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $5.76 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, March 27th. Vail Resorts’s dividend payout ratio (DPR) is presently 130.21%.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTN shares. StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday, March 11th. Finally, Mizuho dropped their price objective on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $193.56.

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.