Capital International Investors Sells 218,252 Shares of Vail Resorts, Inc. $MTN

Capital International Investors trimmed its holdings in shares of Vail Resorts, Inc. (NYSE:MTN) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,784,410 shares of the company’s stock after selling 218,252 shares during the quarter. Capital International Investors owned about 0.13% of Vail Resorts worth $635,370,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Clearstead Advisors LLC increased its position in Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after acquiring an additional 75 shares during the period. Comerica Bank increased its position in Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after acquiring an additional 78 shares during the period. Xponance Inc. increased its position in Vail Resorts by 1.2% during the third quarter. Xponance Inc. now owns 6,903 shares of the company’s stock worth $1,032,000 after acquiring an additional 82 shares during the period. Provident Investment Management Inc. increased its position in Vail Resorts by 1.6% during the third quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock worth $871,000 after acquiring an additional 90 shares during the period. Finally, MAI Capital Management increased its position in Vail Resorts by 25.2% during the third quarter. MAI Capital Management now owns 482 shares of the company’s stock worth $72,000 after acquiring an additional 97 shares during the period. 94.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Angela A. Korch purchased 190 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of $131.85 per share, for a total transaction of $25,051.50. Following the purchase, the chief financial officer owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert A. Katz purchased 37,500 shares of Vail Resorts stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $131.81 per share, for a total transaction of $4,942,875.00. Following the completion of the purchase, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. This represents a 15.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

MTN stock opened at $135.34 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. Vail Resorts, Inc. has a 12 month low of $118.51 and a 12 month high of $172.00. The firm has a market cap of $4.82 billion, a P/E ratio of 22.08, a P/E/G ratio of 11.52 and a beta of 0.72. The company’s 50-day moving average price is $127.96 and its two-hundred day moving average price is $135.32.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $6.56 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts anticipate that Vail Resorts, Inc. will post 4.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Morgan Stanley lowered their price target on shares of Vail Resorts from $151.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. BNP Paribas Exane reissued an “outperform” rating on shares of Vail Resorts in a report on Tuesday, March 10th. UBS Group decreased their target price on shares of Vail Resorts from $169.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, Barclays decreased their target price on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.82.

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.