Argonautica Private Wealth Management Inc. Cuts Holdings in Vail Resorts, Inc. (NYSE:MTN)

Argonautica Private Wealth Management Inc. trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,255 shares of the company’s stock after selling 70 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Vail Resorts were worth $268,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Vail Resorts by 5.6% in the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after acquiring an additional 50 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Vail Resorts by 4.2% in the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock valued at $303,000 after acquiring an additional 55 shares in the last quarter. Rise Advisors LLC lifted its position in shares of Vail Resorts by 62.2% in the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after acquiring an additional 61 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Vail Resorts by 125.0% in the third quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Finally, Shell Asset Management Co. lifted its position in shares of Vail Resorts by 5.9% in the third quarter. Shell Asset Management Co. now owns 1,200 shares of the company’s stock valued at $266,000 after acquiring an additional 67 shares in the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Trading Down 0.3 %

NYSE MTN traded down $0.69 during trading hours on Friday, hitting $198.33. 349,512 shares of the company were exchanged, compared to its average volume of 566,689. The stock has a 50-day moving average price of $222.50 and a 200 day moving average price of $220.81. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a 52 week low of $198.18 and a 52 week high of $258.13. The stock has a market cap of $7.53 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.16 EPS. Analysts forecast that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. This is a boost from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 4.48%. Vail Resorts’s dividend payout ratio is currently 148.25%.

Analyst Upgrades and Downgrades

MTN has been the topic of several research reports. JPMorgan Chase & Co. reduced their target price on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Morgan Stanley reduced their target price on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Mizuho initiated coverage on Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 target price on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $260.11.

Insider Activity

In other news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Vail Resorts Profile

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.