Park Avenue Securities LLC Sells 89 Shares of Vail Resorts, Inc. (NYSE:MTN)

Park Avenue Securities LLC reduced its position in Vail Resorts, Inc. (NYSE:MTNGet Rating) by 6.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,193 shares of the company’s stock after selling 89 shares during the quarter. Park Avenue Securities LLC’s holdings in Vail Resorts were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kingfisher Capital LLC raised its position in shares of Vail Resorts by 3.4% in the 3rd quarter. Kingfisher Capital LLC now owns 9,110 shares of the company’s stock valued at $1,964,000 after purchasing an additional 297 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in shares of Vail Resorts by 10.0% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 1,384 shares of the company’s stock valued at $298,000 after purchasing an additional 126 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Vail Resorts by 15.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,795 shares of the company’s stock valued at $2,543,000 after purchasing an additional 1,578 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Vail Resorts by 5.7% in the 3rd quarter. Raymond James Trust N.A. now owns 1,482 shares of the company’s stock valued at $319,000 after purchasing an additional 80 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Vail Resorts by 14.9% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,396 shares of the company’s stock valued at $301,000 after purchasing an additional 181 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTN. StockNews.com began coverage on shares of Vail Resorts in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Truist Financial raised their price target on shares of Vail Resorts from $270.00 to $292.00 and gave the stock a “hold” rating in a research report on Thursday, December 22nd. Barclays raised their price target on shares of Vail Resorts from $228.00 to $232.00 and gave the stock an “underweight” rating in a research report on Monday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Vail Resorts from $246.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, December 12th. Finally, Stifel Nicolaus reduced their price target on shares of Vail Resorts from $273.00 to $228.00 and set a “hold” rating for the company in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $282.43.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $253.58 on Tuesday. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 0.67 and a beta of 1.16. Vail Resorts, Inc. has a 12 month low of $201.91 and a 12 month high of $285.29. The firm’s 50 day simple moving average is $249.22 and its 200-day simple moving average is $233.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.21 and a quick ratio of 1.10.

Vail Resorts (NYSE:MTNGet Rating) last issued its quarterly earnings data on Thursday, December 8th. The company reported ($3.40) EPS for the quarter, missing analysts’ consensus estimates of ($3.17) by ($0.23). The firm had revenue of $279.45 million for the quarter, compared to analyst estimates of $246.07 million. Vail Resorts had a return on equity of 19.31% and a net margin of 13.32%. Analysts expect that Vail Resorts, Inc. will post 8.96 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Stockholders of record on Tuesday, December 27th were paid a dividend of $1.91 per share. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $7.64 dividend on an annualized basis and a dividend yield of 3.01%. Vail Resorts’s payout ratio is 89.57%.

Insider Transactions at Vail Resorts

In related news, CFO Michael Z. Barkin sold 6,891 shares of Vail Resorts stock in a transaction on Monday, December 12th. The shares were sold at an average price of $258.92, for a total value of $1,784,217.72. Following the sale, the chief financial officer now owns 14,303 shares of the company’s stock, valued at approximately $3,703,332.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

About Vail Resorts

(Get Rating)

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.

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Institutional Ownership by Quarter for Vail Resorts (NYSE:MTN)

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