Quantinno Capital Management LP Cuts Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Quantinno Capital Management LP lessened its holdings in Vail Resorts, Inc. (NYSE:MTN) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,521 shares of the company’s stock after selling 1,591 shares during the quarter. Quantinno Capital Management LP’s holdings in Vail Resorts were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTN. Quarry LP boosted its stake in shares of Vail Resorts by 418.6% in the third quarter. Quarry LP now owns 363 shares of the company’s stock valued at $63,000 after buying an additional 293 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Vail Resorts during the 3rd quarter worth $1,155,000. Point72 Asset Management L.P. acquired a new position in shares of Vail Resorts during the 3rd quarter worth $35,264,000. Michelson Medical Research Foundation Inc. purchased a new position in shares of Vail Resorts in the 3rd quarter valued at about $8,714,000. Finally, Holocene Advisors LP lifted its stake in shares of Vail Resorts by 23.2% in the third quarter. Holocene Advisors LP now owns 41,218 shares of the company’s stock valued at $7,184,000 after purchasing an additional 7,750 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MTN shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Morgan Stanley raised their price objective on Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a research note on Tuesday. Stifel Nicolaus lifted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial lowered their target price on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Macquarie boosted their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $205.50.

Insider Buying and Selling

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

Vail Resorts Trading Down 1.8 %

Shares of MTN stock opened at $190.43 on Friday. Vail Resorts, Inc. has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 2.25 and a beta of 1.14. The firm has a 50-day moving average price of $177.35 and a 200 day moving average price of $178.86. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million for the quarter, compared to the consensus estimate of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($4.60) earnings per share. Research analysts forecast that Vail Resorts, Inc. will post 7.47 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 26th will be paid a $2.22 dividend. The ex-dividend date is Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 4.66%. Vail Resorts’s payout ratio is currently 147.51%.

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.