VELA Investment Management LLC Sells 7,383 Shares of Vail Resorts, Inc. (NYSE:MTN)

VELA Investment Management LLC decreased its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 80.6% during the third quarter, HoldingsChannel reports. The firm owned 1,772 shares of the company’s stock after selling 7,383 shares during the quarter. VELA Investment Management LLC’s holdings in Vail Resorts were worth $309,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Fairbanks Capital Management Inc. boosted its stake in shares of Vail Resorts by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of Vail Resorts by 4.6% during the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock valued at $306,000 after purchasing an additional 75 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Vail Resorts by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after acquiring an additional 78 shares during the period. Signaturefd LLC lifted its position in Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Finally, Fifth Third Bancorp lifted its position in Vail Resorts by 20.9% during the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after acquiring an additional 84 shares during the period. Institutional investors own 94.94% of the company’s stock.

Vail Resorts Stock Up 0.1 %

Vail Resorts stock traded up $0.10 during trading hours on Friday, hitting $165.79. The stock had a trading volume of 370,242 shares, compared to its average volume of 447,804. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.22 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Vail Resorts, Inc. has a 12-month low of $165.00 and a 12-month high of $236.92. The stock’s 50-day moving average price is $176.69 and its 200-day moving average price is $182.62.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the prior year, the firm earned ($3.35) earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $2.22 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.36%. Vail Resorts’s dividend payout ratio is presently 147.26%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MTN shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research report on Monday, September 16th. Macquarie reissued a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. StockNews.com cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, September 27th. Stifel Nicolaus lowered their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, Barclays lowered their price target on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and an average target price of $208.22.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the purchase, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Angela A. Korch bought 165 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the transaction, the chief financial officer now directly owns 2,187 shares of the company’s stock, valued at $378,547.83. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Vail Resorts Company 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.