Kingfisher Capital LLC Sells 1,130 Shares of Vail Resorts, Inc. (NYSE:MTN)

Kingfisher Capital LLC cut its position in Vail Resorts, Inc. (NYSE:MTN) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,220 shares of the company’s stock after selling 1,130 shares during the quarter. Kingfisher Capital LLC’s holdings in Vail Resorts were worth $1,433,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the 3rd quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Vail Resorts in the 3rd quarter valued at approximately $25,000. Brown Brothers Harriman & Co. raised its stake in shares of Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays decreased their price objective on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a report on Friday, September 27th. Stifel Nicolaus decreased their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. UBS Group initiated coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price for the company. Finally, StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average price target of $205.90.

Insider Buying and Selling

In other news, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price of $173.09 per share, for a total transaction of $28,559.85. Following the completion of the acquisition, the chief financial officer now directly owns 2,187 shares in the company, valued at $378,547.83. The trade was a 8.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at approximately $43,284,216.78. This represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Vail Resorts Stock Performance

NYSE:MTN opened at $182.26 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a fifty day moving average of $175.61 and a 200-day moving average of $179.66. The firm has a market capitalization of $6.83 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.74 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. During the same period last year, the firm posted ($3.35) earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.27 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, October 8th. Vail Resorts’s dividend payout ratio (DPR) is currently 147.26%.

Vail Resorts Company 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.