Boothbay Fund Management LLC Has $1.32 Million Stock Holdings in Vail Resorts, Inc. (NYSE:MTN)

Boothbay Fund Management LLC cut its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,030 shares of the company's stock after selling 1,419,928 shares during the period. Boothbay Fund Management LLC's holdings in Vail Resorts were worth $1,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTN. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at approximately $33,000. Blue Trust Inc. lifted its position in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Vail Resorts during the 4th quarter worth about $40,000. GeoWealth Management LLC grew its holdings in shares of Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock valued at $55,000 after acquiring an additional 180 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Vail Resorts by 37.9% in 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 in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the company's stock in a transaction on Thursday, March 13th. The stock was 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 directly owns 2,956 shares of the company's stock, valued at $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTN. Macquarie reduced their price target on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Mizuho cut their price objective on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a report on Friday, April 25th. Bank of America cut their price target on shares of Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $187.60.

Vail Resorts Stock Performance

MTN traded up $0.47 on Friday, reaching $140.29. The company had a trading volume of 490,922 shares, compared to its average volume of 581,719. The stock has a market cap of $5.24 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.93 and a beta of 0.93. 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 fifty-two week low of $129.85 and a fifty-two week high of $206.38. The company's fifty day moving average is $150.26 and its 200 day moving average is $167.49.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.76 earnings per share. As a group, analysts predict that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio is currently 130.21%.

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.