Quantinno Capital Management LP Sells 3,916 Shares of Vail Resorts, Inc. (NYSE:MTN)

Quantinno Capital Management LP reduced its stake in shares of Vail Resorts, Inc. (NYSE:MTN - Free Report) by 70.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,605 shares of the company's stock after selling 3,916 shares during the period. Quantinno Capital Management LP's holdings in Vail Resorts were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $33,000. Blue Trust Inc. boosted its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. GeoWealth Management LLC boosted its stake 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 purchasing an additional 180 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $82,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Vail Resorts in the 4th quarter valued at $92,000. 94.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 185 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were bought 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 owns 2,956 shares in the company, valued at approximately $472,960. The trade was 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 accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on MTN shares. Morgan Stanley set a $152.00 price objective on shares of Vail Resorts in a report on Friday, April 25th. Mizuho decreased their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Bank of America upped their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price target for the company in a research note on Wednesday. Finally, Macquarie decreased their price target on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $189.10.

Vail Resorts Stock Up 9.1%

MTN stock traded up $13.80 during trading on Wednesday, hitting $165.30. 3,425,812 shares of the stock traded hands, compared to its average volume of 589,903. Vail Resorts, Inc. has a 1 year low of $129.85 and a 1 year high of $199.45. The firm's 50 day moving average is $146.28 and its two-hundred day moving average is $164.74. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $5.76 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Vail Resorts, Inc. will post 7.62 EPS for the current year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 27th. Vail Resorts's dividend payout ratio (DPR) 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.