APG Asset Management N.V. Sells 25,774 Shares of Vail Resorts, Inc. $MTN

APG Asset Management N.V. cut its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 61.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,398 shares of the company’s stock after selling 25,774 shares during the quarter. APG Asset Management N.V.’s holdings in Vail Resorts were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. 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 valued at $27,000 after purchasing an additional 155 shares in the last quarter. NBT Bank N A NY grew its stake in Vail Resorts by 450.0% during the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 144 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Vail Resorts during the second quarter worth $33,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $138.19 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.54 and a debt-to-equity ratio of 5.52. The stock has a market capitalization of $4.94 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 8.19 and a beta of 0.78. The firm’s 50 day moving average price is $137.63 and its 200-day moving average price is $145.53. Vail Resorts, Inc. has a twelve month low of $126.15 and a twelve month high of $175.51.

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

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, December 30th. Vail Resorts’s dividend payout ratio is 130.21%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Morgan Stanley set a $150.00 price target on shares of Vail Resorts in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and set a $169.00 price target on shares of Vail Resorts in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $156.00 price objective on shares of Vail Resorts in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and a consensus target price of $173.27.

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.