Sanctuary Advisors LLC trimmed its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 65.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,967 shares of the company's stock after selling 13,251 shares during the quarter. Sanctuary Advisors LLC's holdings in Vail Resorts were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Vail Resorts in the 2nd quarter worth approximately $257,000. Raymond James & Associates increased its position in Vail Resorts by 29.3% in the second quarter. Raymond James & Associates now owns 87,539 shares of the company's stock worth $15,768,000 after buying an additional 19,857 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Vail Resorts by 28.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,645 shares of the company's stock valued at $665,000 after buying an additional 798 shares during the period. Fifth Third Bancorp lifted its position in shares of 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 buying an additional 84 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Vail Resorts during the 2nd quarter worth $215,000. 94.94% of the stock is owned by institutional investors.
In other news, insider Robert A. Katz sold 9,296 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John F. Sorte sold 1,670 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
MTN opened at $184.32 on Friday. The firm has a market capitalization of $6.90 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. Vail Resorts, Inc. has a one year low of $165.00 and a one year high of $236.92. The company has a fifty day moving average price of $178.54 and a 200-day moving average price of $178.82. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71.
Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $260.28 million during the quarter, compared to analysts' expectations of $251.45 million. During the same period in the previous year, the business earned ($4.60) earnings per share. The firm's revenue was up .7% on a year-over-year basis. Equities research analysts expect that Vail Resorts, Inc. will post 7.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be given a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, December 26th. Vail Resorts's dividend payout ratio (DPR) is 147.51%.
A number of equities research analysts recently issued reports on MTN shares. StockNews.com upgraded Vail Resorts from a "sell" rating to a "hold" rating in a research note on Friday, December 13th. Macquarie boosted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Truist Financial cut their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a report on Tuesday, December 10th. Barclays lifted their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the company an "underweight" rating in a research note on Tuesday, December 10th. Finally, Mizuho increased their target price on Vail Resorts from $222.00 to $227.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Vail Resorts has a consensus rating of "Hold" and an average price target of $205.50.
Get Our Latest Stock Analysis on MTN
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.
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