Vail Resorts, Inc. (NYSE:MTN) Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its stake in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,238 shares of the company's stock after selling 10,106 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.22% of Vail Resorts worth $13,160,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Vail Resorts in the 4th quarter valued at $33,000. Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 102.5% during the 1st 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 purchased a new position in shares of Vail Resorts during the 1st quarter worth $40,000. GAMMA Investing LLC grew its holdings in shares of Vail Resorts by 75.3% during the 1st 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. Finally, GeoWealth Management LLC grew its holdings in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Stock Up 1.9%

MTN stock traded up $2.92 during mid-day trading on Friday, reaching $160.51. The company had a trading volume of 468,460 shares, compared to its average volume of 610,139. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The firm has a fifty day simple moving average of $157.63 and a 200 day simple moving average of $157.25. Vail Resorts, Inc. has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%. Vail Resorts's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $9.54 EPS. Analysts forecast 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. Shareholders of record on Tuesday, June 24th were given a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Tuesday, June 24th. Vail Resorts's dividend payout ratio is currently 113.55%.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction dated Friday, June 20th. The shares were acquired at an average price of $157.00 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer owned 3,156 shares of the company's stock, valued at approximately $495,492. The trade was a 6.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTN. Morgan Stanley reiterated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a report on Wednesday, May 28th. Bank of America increased their price target on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, UBS Group lowered their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Vail Resorts currently has an average rating of "Hold" and a consensus price target of $187.20.

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.