AQR Capital Management LLC Trims Holdings in Vail Resorts, Inc. (NYSE:MTN)

AQR Capital Management LLC lessened its position in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,971 shares of the company's stock after selling 34,641 shares during the quarter. AQR Capital Management LLC owned 0.42% of Vail Resorts worth $29,612,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Vail Resorts in the fourth quarter worth about $80,669,000. The Manufacturers Life Insurance Company grew its position in Vail Resorts by 42.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after acquiring an additional 289,484 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Vail Resorts in the fourth quarter worth $42,532,000. DnB Asset Management AS purchased a new stake in Vail Resorts in the fourth quarter worth $33,286,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Vail Resorts during the fourth quarter worth $23,170,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MTN. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. Barclays reaffirmed an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. JPMorgan Chase & Co. increased their price objective on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. Bank of America decreased their target price on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Mizuho dropped their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $187.60.

Vail Resorts Stock Up 1.3 %

Shares of NYSE MTN traded up $1.73 during trading hours on Wednesday, hitting $139.17. 420,578 shares of the stock were exchanged, compared to its average volume of 582,341. Vail Resorts, Inc. has a 12 month low of $129.85 and a 12 month high of $206.38. The firm has a fifty day moving average price of $149.58 and a 200-day moving average price of $167.00. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company has a market cap of $5.20 billion, a PE ratio of 23.12, a PEG ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $5.76 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.38%. Vail Resorts's payout ratio is 130.21%.

Insider Activity

In related news, CFO Angela A. Korch purchased 185 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

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.