Washington Trust Advisors Inc. Sells 7,385 Shares of Vail Resorts, Inc. $MTN

Washington Trust Advisors Inc. reduced its position in Vail Resorts, Inc. (NYSE:MTN) by 69.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,263 shares of the company’s stock after selling 7,385 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Vail Resorts were worth $433,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTN. TD Waterhouse Canada Inc. grew its holdings in shares of Vail Resorts by 376.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,584 shares of the company’s stock valued at $2,553,000 after purchasing an additional 13,102 shares during the last quarter. Blume Capital Management Inc. boosted its position in Vail Resorts by 317.0% in the third quarter. Blume Capital Management Inc. now owns 9,703 shares of the company’s stock valued at $1,451,000 after buying an additional 7,376 shares in the last quarter. Kazazian Asset Management LLC acquired a new stake in Vail Resorts in the third quarter valued at approximately $1,296,000. CenterBook Partners LP boosted its position 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 buying an additional 14,624 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its position 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 buying an additional 54,722 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and raised their target price for the company from $159.00 to $165.00 in a research report on Tuesday, January 13th. Truist Financial cut their target price on shares of Vail Resorts from $217.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Mizuho cut their target price on shares of Vail Resorts from $202.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Barclays reduced their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Finally, Stifel Nicolaus reduced their target price on shares of Vail Resorts from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $161.82.

Insider Buying and Selling

In other news, CFO Angela A. Korch purchased 190 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the transaction, the chief financial officer owned 5,539 shares of the company’s stock, valued at approximately $730,317.15. This trade represents a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert A. Katz purchased 37,500 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the transaction, the chief executive officer directly owned 285,312 shares in the company, valued at approximately $37,606,974.72. This trade represents a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Vail Resorts Trading Up 0.3%

MTN opened at $125.61 on Friday. Vail Resorts, Inc. has a fifty-two week low of $118.51 and a fifty-two week high of $175.51. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.62 and a quick ratio of 0.51. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 10.60 and a beta of 0.70. The company’s 50 day moving average price is $131.10 and its two-hundred day moving average price is $138.35.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $6.56 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. As a group, research analysts predict that Vail Resorts, Inc. will post 4.79 earnings per share for the current year.

Vail Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, March 26th. Vail Resorts’s payout ratio is presently 144.86%.

About Vail Resorts

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.