APG Asset Management N.V. Sells 87,850 Shares of Vail Resorts, Inc. $MTN

Key Points

• APG Asset Management N.V. reduced its holdings in Vail Resorts by 55.2%, selling 87,850 shares in the first quarter, leaving it with approximately 71,401 shares valued at around $10.58 million.
• Several institutional investors, including Crossmark Global Holdings Inc. and GAMMA Investing LLC, increased their stakes in Vail Resorts significantly, reflecting strong interest from the investment community.
• Analysts have mixed views on Vail Resorts, with price targets decreasing from several firms; the consensus rating for the stock is a "Hold" with a price target of $187.20.

APG Asset Management N.V. decreased its holdings in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 55.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,401 shares of the company's stock after selling 87,850 shares during the quarter. APG Asset Management N.V. owned approximately 0.19% of Vail Resorts worth $10,577,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MTN. SouthState Corp acquired a new stake in shares of Vail Resorts during the first quarter worth $29,000. Heck Capital Advisors LLC bought a new position in shares of Vail Resorts in the fourth quarter worth $33,000. Golden State Wealth Management LLC increased its position in shares of Vail Resorts by 102.5% in the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock worth $39,000 after purchasing an additional 123 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Vail Resorts in the first quarter worth $40,000. Finally, GAMMA Investing LLC increased its position in shares of Vail Resorts by 75.3% in the first quarter. GAMMA Investing LLC now owns 270 shares of the company's stock worth $43,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Vail Resorts Stock Down 0.1%

Shares of NYSE:MTN traded down $0.13 during trading on Friday, reaching $163.89. 301,645 shares of the stock were exchanged, compared to its average volume of 662,016. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. Vail Resorts, Inc. has a 1-year low of $129.85 and a 1-year high of $199.45. The stock has a fifty day moving average of $157.79 and a two-hundred day moving average of $154.03. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.01 and a beta of 0.90.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping analysts' consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $9.54 earnings per share. Vail Resorts's revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts anticipate 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 Wednesday, July 9th. Investors of record on Tuesday, June 24th were issued a dividend of $2.22 per share. The ex-dividend date was Tuesday, June 24th. This represents a $8.88 annualized dividend and a yield of 5.4%. Vail Resorts's dividend payout ratio is 113.55%.

Analyst Ratings Changes

A number of brokerages recently commented on MTN. Truist Financial decreased their price target on Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $183.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, May 29th. UBS Group decreased their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 11th. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a research report on Friday, June 6th. Finally, Bank of America lifted their target price on Vail Resorts from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $187.20.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch purchased 200 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $157.00 per share, for a total transaction of $31,400.00. Following the completion of the acquisition, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This represents a 6.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

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.