Vail Resorts, Inc. $MTN Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its holdings in Vail Resorts, Inc. (NYSE:MTN) by 57.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,681 shares of the company’s stock after selling 10,393 shares during the quarter. CenterBook Partners LP’s holdings in Vail Resorts were worth $1,020,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BOKF NA grew its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. EverSource Wealth Advisors LLC raised its position in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the period. Danske Bank A S acquired a new position in Vail Resorts during the third quarter worth $30,000. Employees Retirement System of Texas purchased a new position in Vail Resorts during the third quarter valued at $46,000. Finally, International Assets Investment Management LLC purchased a new position in Vail Resorts during the fourth quarter valued at $43,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings lowered 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 objective on Vail Resorts in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Barclays decreased their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday. Five research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $151.45.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 190 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the transaction, the chief financial officer owned 5,539 shares of the company’s stock, valued at $730,317.15. The trade was a 3.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert A. Katz purchased 37,500 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the transaction, the chief executive officer directly owned 285,312 shares of the company’s stock, valued at $37,606,974.72. The trade was a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Key Headlines Impacting Vail Resorts

Here are the key news stories impacting Vail Resorts this week:

• Negative Sentiment: Vail Resorts reported fiscal Q3 earnings that missed estimates, with EPS of $8.81 versus $8.97 expected, even as revenue came in roughly in line at $1.21 billion. Article Title
• Negative Sentiment: Management said unusually poor snow conditions hurt visitation, with skier days down 12.5% and lift ticket revenue and pass sales under pressure. The company also warned that next season’s pass sales are running below last year, reducing confidence in a near-term recovery. Article Title
• Negative Sentiment: Several outlets highlighted that one of the worst snowfall seasons in decades and warmer-than-normal weather have weighed on Rockies ski traffic, reinforcing concerns that the business is highly dependent on weather and pass demand. Article Title
• Negative Sentiment: Analysts turned more cautious: JPMorgan raised its price target only modestly to $126 while keeping a neutral rating, and Deutsche Bank cut its target to $134. Seeking Alpha also downgraded the stock to sell, citing deteriorating fundamentals. Article Title
• Neutral Sentiment: Vail still pays a sizeable dividend, declaring $2.22 per share quarterly, which may support income-focused investors even as operating trends weaken. Article Title

Vail Resorts Price Performance

Vail Resorts stock opened at $136.27 on Thursday. The company has a fifty day simple moving average of $128.42 and a 200-day simple moving average of $135.22. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 11.17 and a beta of 0.72. The company has a quick ratio of 0.51, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. Vail Resorts, Inc. has a 52-week low of $118.51 and a 52-week high of $172.00.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.54 earnings per share. On average, equities analysts anticipate that Vail Resorts, Inc. will post 4.76 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $2.22 per share. The ex-dividend date is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a yield of 6.5%. Vail Resorts’s payout ratio is presently 144.86%.

Vail Resorts 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.