Amica Mutual Insurance Co. Decreases Position in Vail Resorts, Inc. (NYSE:MTN)

Amica Mutual Insurance Co. reduced its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 45.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,381 shares of the company’s stock after selling 5,408 shares during the period. Amica Mutual Insurance Co.’s holdings in Vail Resorts were worth $1,362,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock worth $1,047,590,000 after acquiring an additional 51,630 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock valued at $398,393,000 after purchasing an additional 131,170 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Vail Resorts by 2,451.9% in the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after acquiring an additional 400,941 shares during the last quarter. Northern Trust Corp increased its position in Vail Resorts by 42.3% during the third quarter. Northern Trust Corp now owns 375,072 shares of the company’s stock worth $83,225,000 after purchasing an additional 111,487 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Vail Resorts by 8.3% during the 3rd quarter. Legal & General Group Plc now owns 253,269 shares of the company’s stock worth $56,198,000 after buying an additional 19,399 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

Vail Resorts Stock Down 1.4 %

Shares of MTN traded down $2.68 during midday trading on Monday, hitting $195.65. The company had a trading volume of 519,079 shares, compared to its average volume of 490,531. The company’s 50-day simple moving average is $221.91 and its 200-day simple moving average is $220.78. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. Vail Resorts, Inc. has a 1 year low of $195.13 and a 1 year high of $258.13. The firm has a market capitalization of $7.43 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.19 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $5.16 EPS. The company’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Vail Resorts, Inc. will post 7.6 EPS for the current year.

Vail Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $2.22 dividend. This represents a $8.88 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s dividend payout ratio is 148.25%.

Insider Buying and Selling at Vail Resorts

In other news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares of the company’s stock, valued at approximately $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial restated a “buy” rating and issued a $290.00 price objective on shares of Vail Resorts in a report on Friday, January 19th. Mizuho started coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective for the company. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Morgan Stanley dropped their target price on Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $260.11.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.