Vail Resorts, Inc. $MTN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 100.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,715 shares of the company’s stock after selling 106,114,749 shares during the period. Voya Investment Management LLC’s holdings in Vail Resorts were worth $556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Vail Resorts by 2.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock valued at $557,000 after purchasing an additional 87 shares in the last quarter. Sendero Wealth Management LLC increased its position in Vail Resorts by 54.2% during the 3rd quarter. Sendero Wealth Management LLC now owns 4,363 shares of the company’s stock worth $653,000 after purchasing an additional 1,533 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in Vail Resorts by 25,210.0% in the third quarter. 1620 Investment Advisors Inc. now owns 2,531 shares of the company’s stock valued at $379,000 after buying an additional 2,521 shares during the period. Oak Thistle LLC acquired a new position in Vail Resorts during the third quarter valued at approximately $586,000. Finally, Provident Investment Management Inc. lifted its position in Vail Resorts by 15.8% during the second quarter. Provident Investment Management Inc. now owns 5,731 shares of the company’s stock valued at $901,000 after buying an additional 780 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on MTN. Bank of America dropped their price objective on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Barclays lowered their price target on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a report on Tuesday, September 30th. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday. Finally, Mizuho dropped their target price on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $176.00.

Vail Resorts Stock Performance

Shares of MTN stock opened at $132.94 on Friday. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The company’s fifty day moving average price is $144.90 and its two-hundred day moving average price is $151.52. The firm has a market capitalization of $4.76 billion, a P/E ratio of 19.49, a P/E/G ratio of 10.29 and a beta of 0.81. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $191.42.

Vail Resorts (NYSE:MTN) last announced its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, beating the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $273.35 million. During the same period last year, the firm earned ($4.61) earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th will be issued a dividend of $2.22 per share. The ex-dividend date is Tuesday, December 30th. This represents a $8.88 annualized dividend and a yield of 6.7%. Vail Resorts’s payout ratio is currently 130.21%.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 210 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were bought at an average cost of $155.00 per share, with a total value of $32,550.00. Following the transaction, the chief financial officer directly owned 4,905 shares in the company, valued at approximately $760,275. This trade represents a 4.47% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Vail Resorts Company 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.