Royal London Asset Management Ltd. Reduces Holdings in Vail Resorts, Inc. (NYSE:MTN)

Royal London Asset Management Ltd. lowered its position in Vail Resorts, Inc. (NYSE:MTN) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,531 shares of the company’s stock after selling 212 shares during the period. Royal London Asset Management Ltd.’s holdings in Vail Resorts were worth $3,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Park Place Capital Corp lifted its stake in shares of Vail Resorts by 531.6% in the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Rise Advisors LLC lifted its stake in Vail Resorts by 62.2% in the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares in the last quarter. Quarry LP acquired a new position in shares of Vail Resorts during the 4th quarter worth approximately $35,000. Desjardins Global Asset Management Inc. boosted its holdings in shares of Vail Resorts by 70.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock worth $36,000 after purchasing an additional 69 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 575 shares of Vail Resorts stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $176.20 per share, for a total transaction of $101,315.00. Following the transaction, the chief financial officer now directly owns 1,171 shares in the company, valued at $206,330.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $244.00 to $226.00 in a research report on Thursday, June 6th. Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Stifel Nicolaus decreased their target price on shares of Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Morgan Stanley cut their price target on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $221.50.

Vail Resorts Trading Down 3.0 %

Shares of MTN traded down $5.45 during trading on Friday, reaching $175.95. 495,781 shares of the company traded hands, compared to its average volume of 887,795. The stock has a 50-day simple moving average of $199.67 and a 200-day simple moving average of $214.41. The stock has a market cap of $6.68 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14. Vail Resorts, Inc. has a twelve month low of $165.14 and a twelve month high of $254.78. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. On average, analysts anticipate that Vail Resorts, Inc. will post 6.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 annualized dividend and a yield of 5.05%. Vail Resorts’s dividend payout ratio is currently 120.82%.

About Vail Resorts

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.