Envestnet Asset Management Inc. Sells 22,991 Shares of Vail Resorts, Inc. $MTN

Envestnet Asset Management Inc. decreased its position in Vail Resorts, Inc. (NYSE:MTN) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,352 shares of the company’s stock after selling 22,991 shares during the period. Envestnet Asset Management Inc.’s holdings in Vail Resorts were worth $8,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTN. Goldman Sachs Group Inc. boosted its holdings in shares of Vail Resorts by 2.9% in the first quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock worth $19,382,000 after acquiring an additional 3,440 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Vail Resorts by 1.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock valued at $23,721,000 after acquiring an additional 2,824 shares during the last quarter. CWM LLC grew its holdings in shares of Vail Resorts by 101.5% during the 2nd quarter. CWM LLC now owns 526 shares of the company’s stock valued at $83,000 after purchasing an additional 265 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Vail Resorts by 161.3% in the second quarter. Allianz Asset Management GmbH now owns 11,072 shares of the company’s stock worth $1,740,000 after buying an additional 6,835 shares during the period. Finally, Ethic Inc. grew its position in shares of Vail Resorts by 55.8% in the 2nd quarter. Ethic Inc. now owns 3,500 shares of the company’s stock worth $550,000 after buying an additional 1,254 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Trading Up 0.9%

Shares of MTN stock opened at $143.24 on Friday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 21.00, a P/E/G ratio of 8.62 and a beta of 0.81. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. Vail Resorts, Inc. has a 12-month low of $126.15 and a 12-month high of $175.51. The firm’s 50 day moving average is $140.06 and its 200 day moving average is $146.24.

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

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Tuesday, December 30th were given a $2.22 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a yield of 6.2%. Vail Resorts’s dividend payout ratio is presently 130.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MTN shares. Barclays set a $140.00 price target on Vail Resorts in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. Morgan Stanley set a $150.00 target price on shares of Vail Resorts in a research report on Friday, January 16th. JPMorgan Chase & Co. upped their price target on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $173.27.

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.