Balyasny Asset Management L.P. Lowers Position in Vail Resorts, Inc. (NYSE:MTN)

Balyasny Asset Management L.P. lowered its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,723 shares of the company's stock after selling 10,765 shares during the period. Balyasny Asset Management L.P. owned 0.26% of Vail Resorts worth $17,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC increased its stake in Vail Resorts by 3.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock valued at $398,000 after acquiring an additional 65 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after acquiring an additional 67 shares in the last quarter. Sterling Capital Management LLC grew its position in Vail Resorts by 8.5% in the 4th quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock worth $165,000 after purchasing an additional 69 shares during the period. Accretive Wealth Partners LLC grew its position in Vail Resorts by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock worth $992,000 after purchasing an additional 80 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Vail Resorts by 37.9% during the 4th quarter. UMB Bank n.a. now owns 302 shares of the company's stock valued at $57,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 94.94% of the company's stock.

Analyst Upgrades and Downgrades

MTN has been the topic of a number of analyst reports. Mizuho lowered their target price on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. boosted their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. Macquarie decreased their price target on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Bank of America decreased their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Barclays reiterated an "underweight" rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $187.60.

Insider Buying and Selling at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $160.00 per share, for a total transaction of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares in the company, valued at $472,960. This represents a 6.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Vail Resorts Trading Up 3.2%

Shares of Vail Resorts stock traded up $4.57 on Monday, reaching $148.90. The company had a trading volume of 299,583 shares, compared to its average volume of 578,566. The firm's 50 day moving average price is $148.66 and its two-hundred day moving average price is $166.44. The firm has a market cap of $5.56 billion, a PE ratio of 24.74, a PEG ratio of 1.93 and a beta of 0.91. Vail Resorts, Inc. has a 52-week low of $129.85 and a 52-week high of $206.38. 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 (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.76 EPS. Sell-side analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $2.22 dividend. 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 5.96%. Vail Resorts's dividend payout ratio is presently 130.21%.

Vail Resorts 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.