Keybank National Association OH Sells 7,669 Shares of Vail Resorts, Inc. (NYSE:MTN)

Keybank National Association OH cut its position in Vail Resorts, Inc. (NYSE:MTN) by 68.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,591 shares of the company’s stock after selling 7,669 shares during the quarter. Keybank National Association OH’s holdings in Vail Resorts were worth $673,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTN. Wealth Enhancement Advisory Services LLC raised its position in Vail Resorts by 29.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,850 shares of the company’s stock valued at $322,000 after purchasing an additional 425 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Vail Resorts by 119.7% during the third quarter. Janney Montgomery Scott LLC now owns 29,111 shares of the company’s stock worth $5,074,000 after acquiring an additional 15,862 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Vail Resorts during the third quarter worth about $271,000. Kornitzer Capital Management Inc. KS raised its position in shares of Vail Resorts by 20.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 10,766 shares of the company’s stock worth $1,876,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Vail Resorts during the third quarter worth about $25,000. 94.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTN. Barclays raised their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. UBS Group began coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Truist Financial lowered their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Vail Resorts from $176.00 to $166.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.44.

Vail Resorts Trading Up 0.1 %

Shares of Vail Resorts stock opened at $157.35 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. Vail Resorts, Inc. has a 52 week low of $153.51 and a 52 week high of $233.57. The stock has a 50 day moving average price of $169.61 and a two-hundred day moving average price of $176.19. The stock has a market capitalization of $5.89 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter last year, the firm posted ($4.60) earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were given a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.64%. Vail Resorts’s payout ratio is 147.51%.

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.