Point72 Asia Singapore Pte. Ltd. Decreases Stake in Vail Resorts, Inc. (NYSE:MTN)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in Vail Resorts, Inc. (NYSE:MTN - Free Report) by 78.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 611 shares of the company's stock after selling 2,273 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Vail Resorts were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Heck Capital Advisors LLC bought a new stake in shares of Vail Resorts in the fourth quarter worth $33,000. Blue Trust Inc. boosted its position in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after purchasing an additional 148 shares during the last quarter. GeoWealth Management LLC boosted its position in Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company's stock worth $55,000 after purchasing an additional 180 shares during the last quarter. UMB Bank n.a. grew its stake 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 purchasing an additional 83 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in shares of Vail Resorts by 20.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock valued at $74,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company's stock.

Vail Resorts Price Performance

Vail Resorts stock traded down $5.78 during mid-day trading on Wednesday, hitting $145.01. The stock had a trading volume of 520,169 shares, compared to its average volume of 578,573. Vail Resorts, Inc. has a one year low of $129.85 and a one year high of $200.23. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. The firm has a market capitalization of $5.41 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.93 and a beta of 0.91. The firm's 50 day moving average is $147.51 and its 200 day moving average is $165.61.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company posted $5.76 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $2.22 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $8.88 annualized dividend and a yield of 6.12%. Vail Resorts's payout ratio is 130.21%.

Wall Street Analysts Forecast Growth

MTN has been the topic of a number of research reports. Mizuho dropped their price objective 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. Morgan Stanley set a $152.00 price target on shares of Vail Resorts in a research note on Friday, April 25th. Bank of America reduced their price objective on Vail Resorts from $185.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Macquarie decreased their target price on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, Barclays reissued an "underweight" rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $187.60.

Insiders Place Their Bets

In related news, CFO Angela A. Korch bought 185 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now owns 2,956 shares of the company's stock, valued at $472,960. This represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.