Insight Capital Research & Management Inc. Cuts Holdings in Vail Resorts, Inc. (MTN)

Insight Capital Research & Management Inc. cut its stake in Vail Resorts, Inc. (NYSE:MTN) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,510 shares of the company’s stock after selling 480 shares during the quarter. Insight Capital Research & Management Inc.’s holdings in Vail Resorts were worth $1,029,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its position in Vail Resorts by 13.1% in the third quarter. Neuberger Berman Group LLC now owns 99,014 shares of the company’s stock valued at $22,587,000 after purchasing an additional 11,500 shares during the period. California Public Employees Retirement System raised its position in Vail Resorts by 7.3% in the third quarter. California Public Employees Retirement System now owns 100,638 shares of the company’s stock valued at $22,958,000 after purchasing an additional 6,838 shares during the period. Janney Montgomery Scott LLC raised its position in Vail Resorts by 3.5% in the third quarter. Janney Montgomery Scott LLC now owns 17,721 shares of the company’s stock valued at $4,043,000 after purchasing an additional 599 shares during the period. Cubist Systematic Strategies LLC raised its position in Vail Resorts by 476.7% in the third quarter. Cubist Systematic Strategies LLC now owns 8,500 shares of the company’s stock valued at $1,939,000 after purchasing an additional 7,026 shares during the period. Finally, Janus Henderson Group PLC raised its position in Vail Resorts by 37.7% in the third quarter. Janus Henderson Group PLC now owns 162,734 shares of the company’s stock valued at $37,123,000 after purchasing an additional 44,588 shares during the period. 94.52% of the stock is currently owned by institutional investors.

Shares of Vail Resorts, Inc. (MTN) traded down $6.19 during midday trading on Wednesday, hitting $218.43. The stock had a trading volume of 376,100 shares, compared to its average volume of 331,419. Vail Resorts, Inc. has a twelve month low of $159.65 and a twelve month high of $237.77. The stock has a market capitalization of $8,989.07, a price-to-earnings ratio of 44.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.41 and a current ratio of 0.56.

Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). Vail Resorts had a return on equity of 12.28% and a net margin of 12.55%. The business had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $198.95 million. During the same period in the previous year, the firm posted ($1.70) earnings per share. The firm’s revenue was up 23.9% compared to the same quarter last year. research analysts expect that Vail Resorts, Inc. will post 6.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a dividend of $1.053 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, December 26th. Vail Resorts’s payout ratio is 71.48%.

Several research analysts have commented on the company. Bank of America raised their price objective on Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and issued a $232.00 price objective (up from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners reissued a “buy” rating and issued a $266.00 price objective (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 29th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $250.00 target price on shares of Vail Resorts in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $252.22.

In other news, insider Robert A. Katz sold 115,900 shares of Vail Resorts stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $218.73, for a total transaction of $25,350,807.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Robert A. Katz sold 44,801 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $217.44, for a total value of $9,741,529.44. Following the completion of the sale, the chairman now directly owns 496,166 shares of the company’s stock, valued at $107,886,335.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 236,742 shares of company stock worth $51,804,735. Corporate insiders own 3.30% of the company’s stock.

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Vail Resorts Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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